Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%

CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations

10:01 AM

Private banks mixed ahead of RBI's rate action; HDFC Bank, ICICI Bank bottom of the heap

9:56 AM

RBI MPC decision for FY23 shortly; Top 3 triggers to watch out for

>> Interest rates and stance

>> Inflation outlook amid sharp rise in commodity prices

>> Government's borrowing program for this fiscal year

9:47 AM

Markets wipe off opening gains; Nifty 50 flat above 17,650

9:41 AM

PSU banks in demand ahead of RBI's rate decision

9:40 AM

Ruchi Soya gains 8% after listing of FPO shares; stock rises 17% in 2 days

Around 66.15 million equity shares, allotted in follow-on-public offering, started trading on the exchanges from today. READ MORE HERE

 

9:36 AM

Adani group stocks mixed ahead of board meet on fund raise plan

9:31 AM

Market view: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

>> Today's monetary policy is unlikely to impact the market significantly even if there is a surprising rate hike. That would be interpreted by the market positively indicating that the RBI is not behind the curve.

 

>> The real concern for the market, going forward, would be the aggressive rate hikes and quantitative tightening by the Fed expected in the coming 12 months.

 

>> The MPC will certainly raise inflation targets for FY23 and flag inflation concerns. This will have a short-term negative sentimental impact on rate sensitives.

>> Segments like telecom, IT, pharma and metals which are unlikely to be impacted by higher inflation are in a safe zone.

>> Crude softening to around $100 is a positive while FIIs again turning sellers will provide ammunition to the bear.

9:28 AM

Opening bell: Cipla, NTPC, Tech Mahindra top Nifty 50 losers

9:28 AM

MARKET CHECK :: Early rally fizzles out on Sensex

9:27 AM

Opening bell: Coal India, UPL, Tata Consumer top Nifty 50 gainers

9:25 AM

Opening bell: Broad-based gains in market; India Vix moves in green

9:23 AM

BLOCK DEAL :: Over 3% equity changes hands on Bandhan Bank

>> Around 50.14 million shares exchange hands on the counter on the BSE at 9:15 AM

9:22 AM

Opening bell: All sectors off to a positive start; Metal, Media stocks in demand

9:21 AM

NEWS ALERT :: JSW Steel Group reports crude steel production volume growth of 12% QoQ

>> Steel production up 37% YoY in Q4FY22

>> JSW Steel reported group combined crude steel production at 5.98 million tonnes for Q4 FY’22, including the production at jointly controlled entity viz. JSW Ispat Special Products Ltd. (JISPL)

>> The capacity utilisation of existing operations at standalone level improved from 94% in Q3’22 to 98% in Q4’22.

 

9:19 AM

Opening bell: 21 out of 30 Sensex stocks sizzle positively