F&O expiry: Nifty holds 16,800, Sensex dips 188 pts day ahead of RBI policy

CLOSING BELL: ITC, Dr Reddy's Labs, Tata Steel, Sun Pharma, M&M, NTPC, and Nestle India were the top large-cap winners, while Asian Paints, Tech M, Wipro, TCS, Titan, Kotak Bank sank

9:10 AM

PRE-OPEN SESSION | Sensex rises 400 pts in pre-market deals

9:04 AM

CURRENCY ALERT | Rupee opens 33 paise stronger at 81.61/$

8:57 AM

Stocks on radar today: Nykaa, Ramco Cements, Blue Dart, Zomato, Torrent Pharma

Nykaa's board meeting will be held on October, 3 to consider and approve the issuance of bonus shares. Read here

8:54 AM

DIIs buy equities worth Rs 2,544 crore on Wednesday

8:51 AM

FIIs extremely bearish Wednesday: Sell Rs 2,772 cr of shares

8:48 AM

RBI MPC expectations: Further rate hikes to adversely impact real estate sector

With liquidity withdrawal measures and interest rate hikes, the global economic landscape continues to be volatile and developments there will have a bearing on developing markets. 

 

In case of India, at the 7% level now, we are witnessing consistently elevated inflation level. However, the domestic economy is in the initial stages of economic recovery.
 

In this light, a significant rate hike will serve as a dampener to the economic momentum, and we think that the central bank will have to do a balancing act between price stability and supporting domestic demand. 

 

The country’s housing sector too has recently started to make a demand recovery after a long down cycle till the pandemic struck severely. The real estate sector needs further support in terms of low home loan interest rate.

Further rate hikes will have an adverse impact on the real estate sector, which is a huge employment generator and contributor to the GDP of the country.

Views by Mr. Shishir Baijal, Chairman and Managing Director, Knight Frank India

8:44 AM

RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps

The Reserve Bank of India's six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to 24 of 35 economists surveyed by Bloomberg as of Wednesday. Read more

8:40 AM

Brent Crude fractionally lower; tests $89 per bbl

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8:36 AM

SGX Nifty firmly higher; Nifty likely to open above 17K

8:31 AM

US equity futures trade with minor losses in post-market trade

8:29 AM

Asian indices also edge up; Hang Seng, Strait times up 1%

8:26 AM

US markets stage a comeback on Wednesday

8:10 AM

Good morning readers! Catch all the live market updates here with Business Standard

Good morning readers! Catch all the live market updates here with Business Standard