Sensex ends 205 pts lower, Nifty below 10050 post RBI policy outcome

Here's all that happened in the market today

2:59 PM

RBI Governor

MPC considered upside pressure on food, living costs; also reiterated commitment to meet inflation target of 4%

2:59 PM

SBI extends losses post RBI policy outcome

2:56 PM

RBI Policy

 

Governance reforms for all PSBs will also feature for all banks
 

PSU Bank recap bonds to be front-loaded for banks with better balance sheets

2:56 PM

RBI Policy

 

RBI has been working closely with Govt on PSB Bank Recap plan. The plan will be differentiated across banks

2:54 PM

RBI Policy

Survey shows improvement in overall eco situation in January-March

2:51 PM

Nifty Chart for the day

Source: NSE

2:50 PM

Shishir Baijal, CMD, Knight Frank India on the RBI Monetary Policy

 

The move to keep the repo rate unchanged by the Reserve Bank of India’s monetary policy committee comes as no surprise. The industry was not expecting a rate cut amid the current macro-economic scenario with inflation touching a six-month high in October and more importantly the uncertainty staring the economy in the near future. However, the want of a growth-inducing monetary policy would continue to have its imprints on the slowdown-hit real estate sector. A cut in the policy rate could have helped stimulate growth and demand particularly in the wake of the recent Moody’s India upgrade

2:47 PM

RBI's decision is consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth. The main considerations underlying the decision are set out in the statement below. -- Policy statement

2:47 PM

RBI Policy

Rise in food, fuel prices may further harden expectations

2:46 PM

RBI Policy

The RBI said the projection of real GVA growth for 2017-18 of the October resolution at 6.7% has been retained, with risks evenly balanced.

2:45 PM

Forex check

The 10-year bond yield spiked 0.14% to 7.07 % and the rupee declined 7 paise to 64.45 a dollar 

2:44 PM

RBI Policy

 

MPC feels some recent developments are favourable to growth

 

See capital market funds get deployed for new projects

2:43 PM

BofA on Indian economy

 

‎We expect India to continue to see a shallow recovery in 2018. Growth will likely inch up to 7.2% in FY19 (and 7.6% in FY20) from 6‎.5% in FY18.

2:43 PM

Nifty Auto extends losses post RBI policy outcome

Source: NSE

2:42 PM

Market check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	32,624.68	-177.76	-0.54
S&P BSE SENSEX 50	10,497.11	-62.05	-0.59
S&P BSE SENSEX Next 50	34,813.23	-303.40	-0.86
S&P BSE 100	10,524.04	-67.06	-0.63
S&P BSE Bharat 22 Index	3,629.97	-30.63	-0.84

(Source: BSE)