The sudden announcement of RBI hiking key rates may spur a knee jerk reaction, and the market is likely to react negatively.The F & O Expiry on 25.3.10 will also add to the pressure coupled with the holiday on 24.3.10.
However, the reaction will be short lived and the indices are expected to gain momentum afterwards, as the RBI's hike will have more of a psycholgical impact than real.
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