Indian shares rose as hopes in rate cut thickens

Indian stocks rallied in afternoon trade on Monday on hopes of rate cut by the Reserve Bank of India (RBI) in Tuesday's money policy review.

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Indian stocks
Indian stocks

The benchmark S&P BSE Sensex closed at 25,399.65, 130.01 points or 0.51 percent up from previous close of 25,269.64, with a turnover of 344.12 crore rupees (about 51.9 million U.S. dollars). 

Indian stocks
Indian stocks

As at today, April 4 Indian shares rose, tracking gains in Asian equities following an upbeat U.S. jobs report.

But caution prevailed a day before the Reserve Bank of India’s policy meeting at which it is expected to cut interest rates by at least 25 basis points.

Source: Xinhua/Newsghana.com.gh

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