Sensex dips 132 pts as RBI cuts FY22 GDP growth; Nifty ends below 15,700

That said, market participants continued to buy stocks in the broader markets after the RBI announced a special, Rs 15,000 crore-liquidity window

11:07 AM

Rate sensitive shares mixed after RBI maintains status quo on repo rate

Shares of rate sensitive sectors were trading mixed with banks largely lower after the Reserve Bank of India (RBI) maintained 'status quo' on interest rates during the bi-monthly monetary policy decision. While, automobiles, real estate, select non-banking financial companies (NBFCs) and housing finance companies stocks were trading up to 1 per cent higher, the benchmark Nifty50 index was down 0.06 per cent at 10:38 am. READ MORE

10:58 AM

MARKET UPDATE:: Broader indices outperform benchmarks

10:58 AM

RBI Policy Reaction :: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Monetary policy came completely on expected lines: no change in policy rates, a continuation of the accommodative policy stance and 1% downward revision in FY22 GDP growth rate by 100bp. Governor Das has reiterated that the central bank's priority now is to support growth. That's why the MPC has stated that "the accommodative stance will continue as long as necessary" even while raising the CPI inflation forecast to 5.1% for FY 22. The announcement of G-SAP  2.0 to the tune of Rs 1.2 lakh crores will ensure adequate liquidity in the system. On tap liquidity window for contact intensive sectors is an unconventional measure to mitigate the sufferings of segments like hotels, restaurants, tourism, bus operators, beauty parlours, saloons etc. Upward revision of inflation rate will raise bond yields marginally in the short run"

10:50 AM

Sector Watch :: PSBs in the red

10:38 AM

Market Check :: Sensex slips into the red post RBI policy outcome

10:37 AM

RBI Policy Reaction | Thomas Cooks hits 5% upper circuit on liquidity window announcement

10:32 AM

RBI POLICY OUTCOME :: Shaktikanta Das says

>> Special liquidity facility of Rs 16,000 crore to Sidbi to support MSMEs extended

10:29 AM

RBI POLICY OUTCOME

Resolution Framework 2.0: Coverage of Covid 2.0 recast scheme from Rs 25 crore to Rs 50 crore to cover more MSMEs and small businesses

10:29 AM

Aviation stocks mixed post RBI's liquidity support announcement

10:28 AM

RBI Policy Reaction | Hotel stocks zoom on liquidity support

10:26 AM

RBI POLICY OUTCOME :: Special liquidity window opened for tourism, hotels, aviation sector

>> On-tap liquidity window of Rs 15,000 cr being opened till May 31, 2022

>> Fresh lending support to restaurants, tour operators, conference organisers, spas, beauty parlours, etc. Banks to provide loans at RBI's repo rate

10:24 AM

Bond Market Alert

>> Benchmark bond yield remain little changed at 5.99% post RBI's GSAP announcement

 

10:22 AM

RBI POLICY OUTCOME :: FY22 GDP growth forecast revised downwards

>> Q1FY22 GDP growth rate now seen at 18.5% vs 26.2% earlier

>> Q2 at 7.9%; Q3 at 7.2% & Q4 at 6.6%

10:19 AM

RBI POLICY OUTCOME :: RBI to conduct next leg of G-SAP worth Rs 40,000 crore on June 17

>> Of this, Rs 10,000 crore would be part of SDL (State Development Loans)

>> Further, bonds worth Rs 1.20 trillion would be auctions under G-SAP 2.0

>> To undertake G-SAP 2.0 in Q2FY22

10:18 AM

RBI POLICY OUTCOME :: Shaktikanta Das says

>> Going forward, RBI will continue to conduct regular operations for liquidity management