Bank of England raises interest rate by 25 basis points.
The BoE's nine rate-setters voted 7-2 to raise the Bank Rate by 25 basis points, to 4.25%, sounding more optimistic about the outlook for the modest rate of economic development in the nation.
US Federal Reserve goes for a lower 25 basis point hike.
Markets expecting 25 basis point interest rate hike from Federal Reserve.
Rise in US markets indicate that Federal Reserve may go for a 25-basis point hike today.
HDFC Life (+2.90%) is the top Nifty 50 gainer with 3% gain.
Nifty Bank, Financial Services, Oil & Gas, and Media indices are each trading with about 1% gains.
The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty 100 Low Volatility 30 Index in similar weight proportion.