Both BSE and NSE were trading in the positive territory during the morning hours on Monday. This was contrary to the expectation that the stock market may react negatively to Raghuram Rajan's decision to step down as Reserve Bank of India (RBI) Governor when his term ends on September 4.
Defying the forecast of a fall, the market sentiments remained positive. It looks the market has already priced in the factor of Rajan's departure.
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BSE, NSE up; Rajan's decision causes no ripples
By IndianMandarins - 2016-06-20 10:30:40
Both BSE and NSE were trading in the positive territory during the morning hours on Monday. This was contrary to the expectation that the stock market may react negatively to Raghuram Rajan's decision to step down as Reserve Bank of India (RBI) Governor when his term ends on September 4.
Defying the forecast of a fall, the market sentiments remained positive. It looks the market has already priced in the factor of Rajan's departure.
