Sensex falls 215 pts post RBI policy; Nifty at 16,238; RIL sheds 2%
Stock market LIVE: The RBI pegged real GDP growth forecast for FY22 at 9.5 per cent and at 17.2 per cent for FY23.
10:12 AM
>> FY23: 17.2%
RBI POLICY OUTCOME :: RBI retains GDP growth forecast at 9.5% for FY22
>> 21.4% in Q1
>> 7.3% in Q2
>> 6.3% in Q3
>> 6.1% in Q4
>> 6.1% in Q4
10:11 AM
RBI POLICY OUTCOME :: Shaktikanta Das says
Moderation in oil prices to help ease CPI
10:10 AM
RBI POLICY OUTCOME :: Pace of vaccination will propel broad-based recovery, says RBI Guv
>> Rural demand will push private consumption
>> Urban demand will drive services and pent-up demand
10:09 AM
RBI POLICY OUTCOME :: Shaktikanta Das says
>> Inflationary pressures are a concern
>> CPI inflation surprised on the upside in May; price momentum however moderated. Outlook for aggregate demand is improving but underlying conditions are still weak. More needs to be done to restore supply-demand balance in no. of sectors
>> In a much better position as compared to June 2021. Need to remain vigilant on possibility of a third wave
10:08 AM
RBI POLICY DECISION :: Economy recovering from second wave setback
>> Outlook for aggregate demand improving but underlying conditions weak
10:03 AM
RBI POLICY DECISION :: MPC holds repo rate unchanged at 4%
>> RBI continues to maintain ‘ACCOMMODATIVE’ stance
9:47 AM
NEW LISTING :: Glenmark Life Sciences settles at Rs 751 in pre-open
>> Issue price: Rs 720
9:40 AM
MARKET VIEW | V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
There are two major factors supporting the ongoing bull run: one, the strength of the mother market US, riding on the support from huge liquidity and highly accommodative monetary stance of the Fed; two, the exuberance of the retail investors who are exerting a disproportionate influence on market movements. While retail investor participation is a desirable trend, it is important to note the fact that the quality of retail investment - chasing low-quality cheap stocks - leaves a lot to be desired. In the long run, the majority of retail investors will be better- off investing through mutual funds. The present rising tide will eventually turn and if the market turns sharply bearish, many retail investors will be stuck with low-grade stocks causing huge wealth destruction. Retail investors, therefore, will have to exercise great caution in their investment
9:36 AM
AB Capital rises 7% on posting highest ever quarterly profit
>> The company reported its highest ever consolidated net profit of Rs 302 crore, a 52 per cent jump, for the first quarter ended June 30. The company had posted a net profit of Rs 198 crore in the year-ago period. The company's consolidated revenues grew by 8 per cent to Rs 4,632 crore in Q1FY22, from Rs 4,292 crore in Q1FY21.
9:34 AM
TAKE Solutions zooms 12% as firm enters strategic partnership with H.I.G. Capital
>> An affiliate of H.I.G. will be acquiring a 75% stake of Navitas Life Sciences, a wholly owned subsidiary of TAKE, to support the current management team in accelerating their growth plan and enabling TAKE to capture future Navitas growth potential.
9:30 AM
Results Reaction :: GAIL gains 4% on 500% jump in PAT
>> GAIL India Ltd, the nation's largest gas marketer and transporter, on Thursday reported a 500 per cent jump in its June quarter net profit on the back of higher sales and margin boost in gas as well as petrochemicals. Net profit of Rs 1,529.92 crore in April-June was up from Rs 255.51 crore in the same period a year back, the company said in a statement.
9:28 AM
Earnings Reaction :: Cipla declines over 2%
>> Drug firm Cipla on Thursday reported a 25.41 per cent increase in its consolidated net profit to Rs 709.92 crore for the quarter ended June 30, 2021, on account of robust sales. Consolidated total revenue from operations for the quarter under consideration stood at Rs 5,504.35 crore. It was Rs 4,346.16 crore for the same period a year ago.
9:27 AM
Result Impact :: Tata Chemicals rallies 8% on multi-fold jump in profit
>> The company reported a multi-fold jump in consolidated net profit at Rs 342.33 crore for the June quarter, helped by a rebound in soda ash volumes in the US and India. The company's consolidated net profit stood at Rs 74.15 crore during the corresponding quarter of 2020-21.
9:25 AM
BUZZING :: Vodafone Idea shares bounceback, surge 15%
9:22 AM
Sector Watch :: Barring Nifty IT, Pharma, all indices trade higher
>> Rate sensitive sectors like banking, auto and real estate gain ahead of RBI policy meet outcome
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First Published: Aug 06 2021 | 8:17 AM IST