Sensex ends 85 points lower at 37,522; RBI hikes repo rate by 25 bps

Among sectoral indices, the Nifty PSU Bank index ended 0.52% higher led by IDBI Bank and Punjab National Bank, while Nifty Auto index settled 0.76% lower due to fall in Exide and Motherson Sumi.

8:40 AM

POLL RBI may raise interest rates to strike a balance between inflation & growth

 

The Reserve Bank of India is likely to raise interest rates on Wednesday while retaining a neutral policy stance as it aims to strike a balance between rising inflationary pressures and still recovering growth.

 

If the RBI increases the rates by 25 basis points, it would be the first time since October 2013 that the central bank has hiked borrowing costs at two consecutive policy meetings. READ MORE

8:36 AM

RBI MPC meet outcome today

 

All eyes are on the outcome of the Monetary Policy Committee’s (MPC) meeting on August 1. The central bank’s panel will release its third bi-monthly monetary policy statement for 2018-19. The decision of the MPC will be announced at 14:30 hours IST on August 1. Most economists expect the MPC to keep policy rates unchanged but the commentary would be a key thing to watch out for.

8:33 AM

Markets on Tuesday

S&P BSE Sensex	37,606.58		0.30%
Nifty 50	11,356.50		0.33%
S&P BSE 200	4,870.95		0.36%
Nifty 500	9,650.60		0.33%
S&P BSE Mid-Cap	16,013.44		0.33%
S&P BSE Small-Cap	16,584.16		0.26%

8:30 AM

SGX Nifty

 

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 22.5 points or 0.2 per cent. Nifty futures were trading around 11,399.50- level on the Singaporean Exchange.

8:25 AM

Asian shares rise on trade war relief as investors await data

 

Asian shares rose on Wednesday, following gains on Wall Street, as a report of attempts to renew talks between the United States and China eased trade war fears, but investors will be keeping a close eye on data due today.

 

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent in early trade, while Japan's Nikkei stock index gained 0.5 per cent. 

8:20 AM

Wall Street bounces back, led by industrials

 

US stocks rebounded on Tuesday, boosted by gains in industrial shares following reports of renewed trade negotiations between the United States and China.

 

The Dow Jones Industrial Average rose 108.36 points, or 0.43 per cent, to 25,415.19, the S&P 500 gained 13.69 points, or 0.49 per cent, to 2,816.29 and the Nasdaq Composite added 41.79 points, or 0.55 per cent, to 7,671.79.

8:15 AM

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