MARKET WRAP: Sensex ends 276 points higher; RBI hikes repo rate by 25 bps
Markets ended higher after the RBI maintained neutral stance in its second policy decision of FY19
 "MARKETS LIVE, Nifty, Sensex, RBI Monetary Policy, Rbi policy, asian shares")
Bonds, Stock markets, Shares, Trading
3:07 PM
RBI Policy Decision
RBI Deputy Governor, Viral Acharya says liquidity remained in neutral zone in March-April
RBI Deputy Governor, Viral Acharya says liquidity remained in neutral zone in March-April
3:02 PM
RBI Governor
Price of Indian crude basket provides uncertainty
Price of Indian crude basket provides uncertainty
3:02 PM
RBI Policy Decision
Economic revival is now on sound footing, liquidity conditions in June is comfortable, rise in currency circulation has been above trend: RBI Deputy Governor Viral Acharya
Economic revival is now on sound footing, liquidity conditions in June is comfortable, rise in currency circulation has been above trend: RBI Deputy Governor Viral Acharya
3:01 PM
RBI Governor
Both rural & urban consumption remains healthy, is expected to improve
Both rural & urban consumption remains healthy, is expected to improve
3:01 PM
RBI Governor
Financial markets mainly driven by monetary policy expectations globally
Financial markets mainly driven by monetary policy expectations globally
3:00 PM
Nifty Bank trim losses to turn positive
2:59 PM
MARKET COMMENT Mahesh Singhi, Founder & MD, Singhi Advisors
I believe rate hike view of RBI is against the backdrop of market uncertainties, liquidity and imbalances in the bond market. While domestic macro factors are the primary concern for RBI, the global backdrop has become more important in recent months.
Emerging market economies are choosing to interest rate hikes to defend their currencies at a time of strong portfolio outflows. India, too, has seen outflows with foreign investors selling. RBI has thus weighed higher rates as a buffer for the currency markets & as a caution of increasing possibility of a ‘sudden stop’ for the global economic recovery. I believe these rate hikes will provide some support to the Indian currency
2:58 PM
RBI Governor
To remain vigilant on how actual inflation unfolds
To remain vigilant on how actual inflation unfolds
2:57 PM
RBI Policy Decision: CPI and GDP projections
2:55 PM
Sector watch: Banks
| COMPANY | LATEST | CHG(RS) | CHG(%) |
FREE FLOAT MKT CAP (RS CR) |
WEIGHT IN INDEX (%) |
|---|---|---|---|---|---|
| ST BK OF INDIA | 267.95 | 4.45 | 1.69 | 95653.86 | 10.29 |
| PUNJAB NATL.BANK | 83.90 | 1.10 | 1.33 | 8801.18 | 1.32 |
| BANK OF BARODA | 129.30 | 1.25 | 0.98 | 14024.59 | 2.17 |
| KOTAK MAH. BANK | 1314.15 | 9.90 | 0.76 | 165302.67 | 12.22 |
| FEDERAL BANK | 82.75 | 0.40 | 0.49 | 16324.92 | 1.39 |
| INDUSIND BANK | 1905.60 | 3.95 | 0.21 | 97234.19 | 6.84 |
2:54 PM
RBI Policy Decision
RBI says to ease norms for participation of gilt short sale
RBI says to ease norms for participation of gilt short sale
2:54 PM
RBI Policy Decision
RBI Governor says financial markets mainly driven by monetary policy expectations globally
RBI Governor says financial markets mainly driven by monetary policy expectations globally
2:54 PM
RBI Policy Decision
RBI allows 2% more SLR carve out to meet liquidity cover ratio
2:53 PM
RBI Policy Decision
RBI says mulling norms to prevent abuse in markets regulated by RBI
RBI says mulling norms to prevent abuse in markets regulated by RBI
2:53 PM
RBI Policy Decision
RBI Governor says investment activity is expected to remain robust
RBI Governor says investment activity is expected to remain robust
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First Published: Jun 06 2018 | 3:30 PM IST
