The Nifty Closed At A Record High On Monday At 9,237

The Nifty closed at a record high on Monday at 9,237 and it looks like Indian market may start on a flat note but with a positive bias tracking global cues.

There could be a possibility that Nifty may hit a fresh record high but the momentum may not sustain.

The index may trade sideways on Wednesday ahead of the Reserve Bank of India’s policy review, which will be out on Thursday.

Market participants are expecting a status-quo stance this time from RBI but the commentary on rate cuts will give a direction to the market.

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