Patel's resignation as RBI Guv may create a temporary flutter in the market, say experts.
The Fed also dropped the word “accommodative” from the policy statement.
If Nifty sustains above 11,025 level ahead, then one can look for bottoming out process.
The central bank also signalled that the gradual path of rate hikes will stay.
The question is what path will FM Jaitley choose to pull off this perfect balance.
He said demonetisation and GST have been two major economic reforms of the NDA govt.
ETMarkets Pre-Budget Meet: Captains of D-Street and India Inc want FM to turn Budget focus on bottom of the pyramid
FM Arun Jaitley will present the Union Budget in Parliament on February 1, 2018.
Market is riding on the optimism and the real test would begin with the earnings season.
Nifty followed the footprints with bulls taking charge at lower levels to end 3 days of losses.
As per Forbes, Ambani's personal wealth rose by $466 million, thanks to 1.22% rise in RIL shares.
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