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Mohan Shah posted an update
Just saw Sensex crossed 80k mark a few weeks ago but cooled off. Now back in the 77k range, still a bit above the 50-dma.
RBI policy meeting on 28 July. Expect rate cut if global cues stay strong. But if crude keeps rising, could be a different story.
US Fed not likely to cut anytime soon, keeping things in check. FII inflows have slowed down, that’s interesting.