{"id":12637,"date":"2021-08-06T03:03:28","date_gmt":"2021-08-06T03:03:28","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/06\/sensex-nifty-set-for-cautious-open-ahead-of-rbi-decision\/"},"modified":"2021-08-06T03:03:28","modified_gmt":"2021-08-06T03:03:28","slug":"sensex-nifty-set-for-cautious-open-ahead-of-rbi-decision","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/06\/sensex-nifty-set-for-cautious-open-ahead-of-rbi-decision\/","title":{"rendered":"Sensex, Nifty Set For Cautious Open Ahead Of RBI Decision"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares are set to open on a cautious note Friday as investors await the outcome of the Reserve Bank of India&#8217;s (RBI) bi-monthly monetary policy meeting for directional cues. The central bank is seen holding rates at record lows but the inflation forecast may be revised upwards.<\/p>\n<p>Meanwhile, the finance ministry on Thursday introduced Taxation Laws (Amendment) Bill, 2021 in Lok Sabha to do away with the contentious retrospective tax demand provisions.<\/p>\n<p>Benchmark indexes Sensex and the Nifty rose around 0.2 percent each on Thursday, while the rupee inched up by 2 paise to close at 74.17 against the dollar, extending gains for the fourth straight session.<\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> traded mostly lower this morning as China Evergrande Group bonds dropped toward record lows amid growing liquidity concerns. <\/p>\n<p>Treasuries held a retreat and the dollar was steady as investors await key U.S. payrolls data due out later in the day for additional clues on the labor market recovery. <\/p>\n<p>The British pound held an advance on inflation concerns while oil was on course for a weekly drop or more than 6 percent despite rising tensions in the Middle East. <\/p>\n<p>U.S. stocks advanced overnight after data showed initial unemployment claims declined for a second week.<\/p>\n<p>The tech-heavy Nasdaq Composite climbed 0.8 percent and the S&amp;P 500 added 0.6 percent to reach new record closing highs on solid earnings, while the Dow rose 0.8 percent.<\/p>\n<p>European stocks ended mostly higher on Thursday as investors balanced upbeat quarterly earnings against the threats to economic recovery. The pan-European Stoxx 600 gained 0.4 percent. <\/p>\n<p>The German DAX edged up 0.3 percent and France&#8217;s CAC 40 index rose half a percent while the U.K.&#8217;s FTSE 100 slipped 0.1 percent after the Bank of England signaled a modest tightening of monetary policy depending upon improvement in the <span class=\"landLinks\">economy<\/span>. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Set For Cautious Open Ahead Of RBI Decision<\/a><br \/>\n<br \/>2021-08-06 03:03:28<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares are set to open on a cautious note Friday as investors await the outcome of the Reserve Bank of India&#8217;s (RBI) bi-monthly monetary policy meeting for directional cues&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":12638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-12637","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=12637"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12638"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}