RBI policy to steer markets; rate sensitive stocks, Bharti Airtel in focus

Markets are likely to watch out for Reserve Bank of India’s monetary policy review on Friday to access the economic situation and the central bank’s projections of inflation. Trends in SGX Nifty suggest a positive opening for Indian benchmark equity indices. The BSE Sensex ended at 44,632.65, up 14.61 points or 0.03% while the Nifty closed at 13,133.90, up 20.15 points or 0.15% on Thursday.

Asian markets were weak on Friday as US legislators wrangled over a fiscal stimulus and negotiations over a Brexit trade deal continued.

A $908 billion US coronavirus aid plan gained momentum in US Congress on Thursday, buoying US markets.