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Weakness in Nifty Bank could hurt bullish trend in Nifty

Devangshu Datta 

The long-awaited GST constitutional amendment Bill passed and the market has moved up since. Raghuram Rajan chairs his last policy review at the Reserve Bank of India (RBI) on Tuesday. That ends the series of major central bank meetings after Brexit.

Meantime, first quarter results continue to come in. The next phase of the GST could be as tricky in legislative terms but market watchers now assume it will pass through a majority of state assemblies and the April 2017 implementation target will be met. Only time will tell if that turns out to be true but the positive sentiment should keep the ...

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First Published: Mon, August 08 2016. 22:43 IST