Sensex edges up on hopes of rate cut
Thursday, 27 November 2014
MUMBAI, Nov 26 (Reuters): The BSE Sensex and Nifty edged up on Wednesday, gaining for a fourth session in five, led by blue chips on continued hopes the central bank would follow other countries such as Japan and China in easing monetary policy to boost economic growth.
However, gains were capped, with indexes staying below record highs hit on Tuesday, as caution prevailed ahead of the expiry of monthly derivative contracts due on Thursday as well as the release of July-September economic growth data on Friday.
The Reserve Bank of India (RBI) holds its policy review on Tuesday amid growing expectations it could cut interest rates after a sharp fall in consumer inflation.