A: As RBI cut the repo rate, banks have been transmitting lower rates to their borrowers, but with a lag.
The Nifty50 is expected to open higher on October 16 following Asian markets which were trading with positive bias as Britain and the EU made headway on a Brexit deal ahead of a leaders’ summit.
American equity-index futures slipped on Wednesday while European shares struggled for traction as tensions over Hong Kong mounted and earnings season rolled on.
Hong Kong leader Carrie Lam had to abandon her policy speech in the legislature on Wednesday because of jeering lawmakers but later offered no direct olive branch to protesters, hoping instead to ease resentment by building public housing.
Hong Kong stocks rose to a one-month high on Wednesday, led by property shares, after the city’s leader announced measures aimed at easing a housing shortage and calming anti-government protests.
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Indian equity benchmarks held their early gains as industrial stocks such as Grasim Industries and Ultratech Cement were among the top gainers.
Hong Kong stocks closed up 160.35 points, or 0.61 percent, to 26,664.28 points on Wednesday.
The market ended higher for the third consecutive October 15 with Nifty closing above 11,800 after eight trading session.
The biggest winner among Germany’s largest 30 companies at the start of trading was insurance company Allianz, increasing 0.46 percent, followed by the world’s largest reinsurer Munich Re with 0.31 percent and industrial gas producer Linde with 0.18 percent.