Sensex slips 215pts amid volatility post repo rate hike; ITC, RIL weigh

The RBI today raised the repo rate to 4.9 per cent, up from 4.4 per cent. The Central Bank also raised consumer price (CPI) or retail inflation forecast for FY23 to 6.7 per cent from 5.7 per cent.

8:55 AM

Stocks that may hog limelight: SBI, HDFC Bk, RITES, RIL, PNB, Mining, South India Bk

Stocks to Watch Today: Banks and rate sensitive related shares are likely to be in focus today as RBI announces the outcome of its three-day policy meet this morning. Read more

8:52 AM

Here's why Vinay Rajani recommends buying TVS Motors, Bharat Electronics

The technical analyst from HDFC Securities expects near-term support for the Nifty at 16,300, below which it can slide to 16,000-mark. Read more

8:49 AM

BS Poll: Most economists see 50-bp repo rate hike

A majority of the participants in a poll conducted by Business Standard expects the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) to raise the policy rate, or the repo rate, by 50 bps to 4.9 per cent. Read here

8:46 AM

CRYPTO VIEW: Overall sentiment remained bearish Tuesday

BTC dropped near $29,000 levels before seeing an uptick above the $31,000 range on Tuesday. Some altcoins performed well: LINK rallied in double digits. However, the overall sentiment still remained bearish.

 

Data indicated that most investors who made gains in the 2021 bull market are currently experiencing losses: MVRV ratio, a metric that measures when the price is above or below “fair value”, showed that more than 28% of BTC investors were in losses.

 

Having said that, long-term holders will likely view this market as a time to accumulate BTC.

Views by Darshan Bathija, Co-Founder & CEO, Vauld

8:44 AM

Liquidity withdrawal expected as RBI set to hike rates today

RBI Governor Shaktikanta Das said late last month the bank's primary focus was to bring inflation down closer to target but it could not disregard concerns around economic growth. Read here

8:40 AM

Ahead of policy decision, RBI steps in to save rupee from hitting a new low

The Reserve Bank of India (RBI) stepped up its intervention in the foreign exchange market on Tuesday as the rupee headed for a new all-time low after a weak opening, though the currency traded in a narrow range ahead of the monetary policy review by the central bank. Read more

8:39 AM

Rupee closes 8 paise weaker at 77.71/$ on Tuesday

source: bloomberg

8:37 AM

Yields on state govt bonds harden ahead of RBI policy announcement

Bond dealers said the hike in yields on state government paper was in line with the increase across the board - treasury bills, Government of India (GoI) bonds, and corporate paper. Read here

8:34 AM

World Bank cuts India's growth forecast to 7.5% for FY23 ahead of RBI policy decision

This is the second time that the World Bank has revised its GDP growth forecast for India in the current fiscal. Read here

8:32 AM

Down the memory lane: Here's what transpired in the last 8 RBI MPC meetings

The central bank's MPC meet comes in the backdrop of high inflationary concerns and evolving geo-political scenarios, including Russia's invasion of Ukraine. Read more

 

8:30 AM

RBI MPC meet eyed: Will a rate hike by the central bank help tame inflation?

The US Fed nudged up its interest rates to tame inflation that leapt to 8.5%. Worldwide, central banks resort to rate hikes to reduce inflation. But does it always work? WATCH this report.

Photo: Bloomberg

8:28 AM

US equity futures flat after positive close in cash mkt

source: finance.yahoo.com

8:26 AM

Asian markets rise in early trade following Wall Street's gains

source: finance.yahoo.com

8:24 AM

RBI likely to raise interest rate by 25 bps-50 bps today: Experts

RBI Governor Shaktikanta Das has already indicated that there may be another hike in the repo rate though he refrained from quantifying it. READ MORE

8:20 AM

SGX Nifty signals at a positive start, up 94-odd points on Nifty50