Indian Markets to open lower on RBI measures - Standard Chartered Securities

Key benchmark indices edged higher as upmove in global stocks boosted sentiment.

Bank stocks edged higher. Realty stocks also gained. Shares of jewellery makers reversed intraday losses after the Reserve Bank of India on Monday, 22 July 2013, said it has decided to rationalize the import of gold in any form/purity including import of gold coins/dore into the country. Mining and metal stocks rose on expectations that Beijing will fine-tune its policies to support China's economic growth.

Markets expected to open lower, with the Reserve Bank of India (RBI) introducing more measures to make money scarce in its bid to prop up the Indian Rupee (INR), leading to interest rates likely inching up.

Source : Equity Bulls

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