Stock market

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	Benchmark indices settled in the negative territory on Thursday while the rupee also dropped 60 points against the US dollar after the Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6 per cent in the first bi-monthly monetary policy meet of the financial year (FY) 2019-20.</div>
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	The S&P BSE Sensex shed 192 points or 0.49 per cent to settle at 38,685. Reliance Industries, TCS, Infosys, ICICI Bank and IndusInd Bank contributed the most to the index&#39;s decline. Out of 30 components, 17 scrips ended in the red.&nbsp;</div>
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	The Nifty50 index of the National Stock Exchange (NSE) ended below 11,600 level at 11,598, down 46 points or 0.39 per cent. Except the Nifty Auto, Nifty FMCG, Nifty Media and Nifty Pharma, all other indices ended in the red, with Nifty IT index and Nifty Private Bank index dropping 1.37 per cent and 0.82 per cent, respectively.</div>
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	In the broader market, the S&P BSE MidCap index ended 21 points or 0.14 per cent lower at 15,413, while the S&P BSE SmallCap index closed the day at 14,938, down 47 points or 0.32 per cent.</div>
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	Market breadth remained in favour of declines as out of 2,699 companies traded on BSE, 1,449 declined and 1,076 advanced while 174 scrips remained unchanged.&nbsp;&nbsp;</div>
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	<strong>BUZZING STOCKS</strong></div>
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	Shares of interest rate sensitive sectors like the bank, real estate, and automobiles ended mixed on the bourses after the Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points. The Nifty Bank index and Nifty Realty index slipped 0.63 per cent and 0.07 per cent, respectively, while Nifty Auto index gained 0.66 per cent.</div>
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	Jet Airways (India) pared initial losses to end the day 3.52 per cent higher at Rs 259.95.</div>
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	Pidilite Industries shares traded higher for the fifth straight day, and ended almost 1 per cent higher, at Rs 1,288 on the BSE.</div>
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	SRF shares gained 4.47 per cent to end at Rs 2,487.10 but also hit the 52-week high of Rs 2,500 in intra-day trade after the company informed about the resumption of operations at its Gujarat plant at the earliest.</div>
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	<strong>GLOBAL CUES</strong></div>
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	European and Asian shares stepped back from eight-month highs on Thursday, as investors took money off the table amid fresh concerns about U.S.-China trade talks and as dire data from Germany signalled trouble for Europe.</div>
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	MSCI&rsquo;s broadest index of Asia shares also lost 0.4 per cent overnight after five straight days of gains had taken it to the highest level since late August. Chinese shares were firmer with the blue-chip index up 0.6 per cent while Japan&rsquo;s Nikkei paused near a recent one-month top.</div>
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	<em><strong>(With inputs from Reuters)</strong></em></div>

MARKET WRAP: Sensex down 192 pts, Nifty ends at 11,598 after RBI rate cut

Business Standard

MARKET WRAP: Sensex down 192 pts, Nifty ends at 11,598 after RBI rate cut | News on Markets - Business Standard

5 factors that shaped RBI's inflation forecast and 6 key risks

The Reserve Bank of India (RBI) slashed repo rate by 25 basis points (bps) to 6 per cent in its First bi-monthly Monetary Policy Statement for financial year 2019-20 (FY20). The central bank, however, has assumed the monsoon to be normal this year. <a href="https://www.business-standard.com/article/finance/5-factors-that-shaped-rbi-s-inflation-forecast-and-6-key-risks-119040400415_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Inflation" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-12/27/full/1545932792-1841.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Inflation" width="620" /></div>
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NEWS ALERT | Force Motors total sales down 8.9% at 4,117 units YoY

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Explained: Reasons why RBI cut its retail inflation forecast for 2019

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	The Reserve Bank of India (RBI) on Thursday cut the retail inflation forecast to 2.9-3 per cent for the first half of current fiscal, mainly due to lower food and fuel prices as well as expectation of a normal rainy season. However, the central bank voiced uncertainty over inflation outlook. <a href="https://www.business-standard.com/article/economy-policy/explained-reasons-why-rbi-cut-its-retail-inflation-forecast-for-2019-119040400393_1.html?1554362392" target="_blank"><strong>READ MORE</strong></a></div>

Rate sensitive shares trade mixed after RBI cuts repo rate by 25 bps

Shares of interest rate sensitive sectors like the bank, real estate, and automobiles were trading mixed on the bourses after the Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points to 6 per cent in the first bi-monthly monetary policy meet of the financial year (FY) 2019-20. <a href="https://www.business-standard.com/article/markets/rate-sensitive-shares-trade-mixed-post-rbi-policy-119040400392_1.html?1554361599" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="RBI, reserve bank of India" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-03/31/full/1554051129-407.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="RBI, Reserve Bank of India" width="620" /></div>
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<blockquote class="twitter-tweet" data-lang="en">
	<p dir="ltr" lang="en">
		RBI Governor Shaktikanta Das: GDP projection for 2019-20 is kept at 7.2%, 6.8 to 7.1% for the first half of 2019-20 &amp; 7.3 to 7.4% for the second half. <a href="https://t.co/rBXeDo43rz">pic.twitter.com/rBXeDo43rz</a></p>
	&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/1113693906317737985?ref_src=twsrc%5Etfw">April 4, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

NEWS ALERT | Rate sensitive shares trade mixed post RBI policy

NEWS ALERT | Revised circular on bad loan resolution to be issued soon: RBI Guv

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Rupee update | Rupee falls 0.43 paise to 68.85 vs US dollar

RBI monetary policy: Reserve Bank cuts repo rate by 25 bps to 6%

The Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points to 6 per cent in the first bi-monthly monetary policy meet of the financial year (FY) 2019-20. It was the first back-to-back rate cut by the central bank since the Monetary Policy Committee (MPC) was formed in late 2016. <a href="https://www.business-standard.com/article/markets/rbi-monetary-policy-repo-rate-reverse-repo-policy-stance-shaktikanta-das-119040400314_1.html?1554359977" target="_blank"><strong>READ MORE</strong></a><br />
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<div style="float: left; max-width: 600px;">
	<img align="" alt="Shaktikanta Das, RBI governor" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-02/07/full/1549555816-4838.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Shaktikanta Das, RBI governor" width="620" /></div>
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Full text: RBI cuts repo rate to 6%, cuts GDP forecast for FY20 to 7.2%

The Reserve Bank of India cut the key policy rate by 25 basis points to 6 per cent in order to boost private investments and support domestic growth. Four out of six MPC members voted for a 25 basis points cut, while two called for it to remain unchanged. Five of them called for the policy stance to remain &ldquo;neutral&rdquo; while one MPC member voted for it to be changed to &ldquo;accommodative&rdquo;. <a href="https://www.business-standard.com/article/economy-policy/full-text-rbi-cuts-repo-rate-to-6-cuts-gdp-forecast-for-fy20-to-7-2-119040400362_1.html?1554359977" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="rbi, reserve bank of india" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-04/04/full/1554323086-4784.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="rbi, reserve bank of india" width="620" /></div>
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RBI policy outcome: Nifty Private Bank index is trading 0.30 per cent lower

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RBI policy outcome: Nifty PSU Bank index slips 0.34 per cent

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