RBI's liquidity shot lifts pharma, bank stocks; Sensex leaps 424 pts

The RBI's well guarded measures which, analysts believe, are tuned to the evolving situation may support the economy going forward

10:23 AM

Sector Watch :: Nifty Bank up 0.5%

10:19 AM

LIVE :: RBI Governor says

> To conduct 2nd GSAP auction of Rs 35,000 crore on May 20

10:19 AM

RBI governor LIVE :: Shaktikanta Das says

>> On-tap TLTRO worth Rs 50,000 crore to be opened till March 31,2022 for patients, vaccine importers, medicial equipment makers, etc

>> These loans will be considered as 'Priority Sector Lending'

>> Banks can deliver the loans directly or via intermediaries

10:17 AM

RBI GOVERNOR :: Businesses will adapt to containment restrictions

> Consumption is holding up

 

> Electricity generation is higher

 

> High frequency indicator emanating mixed signals

 

> Core inflation remains elevated

 

> Some food prices are softening, others firms

10:15 AM

RBI Governor says

>> We don't expect major deviation from our earlier GDP projections, but will wait for more economic data

10:13 AM

RBI governor LIVE :: Shaktikanta Das says

>> CPI inflation remains benign for major advanced economies

>> High WPI inflation shows consistent pressure from input side

>> High frequency indicators suggest mixed signals

10:12 AM

RBI GOVERNOR :: Speed of virus must be matched with well-timed policy steps

10:10 AM

RBI governor LIVE :: Shaktikanta Das says

>> Dent to aggregate demand will be limited given only localised lockdowns and better adoption of work-from-home regime

>> Mobility has declined but unlike the one seen in April 2020

>> Tractor usage remains robust

10:10 AM

RBI GOVERNOR :: Global outlook highly uncertain, with downside risks

> Global economy showing incipent signs of recovery

 

10:08 AM

MARKET CHECK :: Sensex trades steady

10:07 AM

RBI GOVERNOR :: RBI will continue to monitor emerging situation, use all resources

> Indian had flattened inflation curve but situation altered

 

> Need swift, wide raging actions that are caliberated & well-timed

10:06 AM

RBI governor LIVE :: Shaktikanta Das says

>> Since the start of the pandemic, I have had faith in India's resilience

>> Yet, we have struggled to free India from the virus for over a year

10:04 AM

NEWS ALERT :: Economic situation has altered drastically due to Covid 2nd wave, says Shaktikanta Das

>> RBI will continue to monitor the situation and deploy resources to mitigate impact

10:02 AM

NEWS ALERT

RBI Guv Shatikanta Das begins media address

10:01 AM

'Earnings growth at risk if Covid cases could continue to rise for long'

Markets are likely to be volatile over the next few months. Market movement will depend on the extent of the second wave and also the period for which it lasts. Restrictions by the State governments will impact earnings growth in the near-term. Earnings growth will be at risk if Covid cases could continue to rise for long. All this will certainly impact market sentiment. That said, valuations are not cheap. In this backdrop, our portfolio alignment has been more dynamic and bottom-up with a focus on cyclicals and capex driven sectors. READ FULL INTERVIEW HERE