Sensex jumps 1,017 pts on RBI's 50-bps hike; Nifty nears 17,100; banks lead

CLOSING BELL: The benchmark indices snapped their seven-day losing streak as the RBI delivered a 50-basis point repo rate hike, and underscored the resilience of the Indian economy in his statement

10:30 AM

RBI Policy LIVE: Net surplus on services exports to partly offset trade deficit

>>India's import growth, though deccelarting, has outrun exports
>> On a BoP basis, exports services have grown robustly 
>> Both servcies, remittances exports have been strong 

10:28 AM

RBI Policy LIVE: Future actions to be calibrated based on incoming data

10:27 AM

RBI Policy LIVE: Forex reserves' umbrella stays stable, says Das

Aspect of adequacy of forex reserves is always kept in mind, the umbrella remains firm

10:26 AM

RBI Policy LIVE: RBI does not have any fixed exchange rate in mind

>> RBI does not have any fixed exchange rate in mind

10:25 AM

RBI Policy LIVE :: Surplus liquidity now at Rs 2.3 trillion in Aug/Sep vs Rs 3.8 trillion in Jun/Jul

10:25 AM

RBI Policy LIVE: Indian rupee has depreciated in an orderly manner; has fared better vs EMs

10:25 AM

Market Check:: Bank, Financials lead market pullback; Bank Nifty up 0.8%

10:24 AM

RBI Policy LIVE: 14 day VRRR to be merged with the main auctions

>> 28-day VRRR auction merged with 24-day VRRR.

10:21 AM

RBI Policy LIVE: MPC has to carry calibrated monetary actions ahead

>> MPC have to carry calibrated actions on monetary policy and liquidity withdrawal
>>India still better placed as against other high inflation economies

10:20 AM

Market Check:: Sensex at day's high, up over 200 points

10:19 AM

RBI Policy LIVE: Inflation projection for FY23 retained at 6.7%

>>Edible price pressures expected to remain contained. 
>>Selling prices may temper ahead with slide in costs of commodities, metals
>>Upside risks remain to food prices
>>Delayed withdrawal of monsoon impacting vegetable prices 

10:17 AM

RBI Policy LIVE :: Expect inflation to remain elevated at 6% in H2FY23, says Shaktikanta Das

>>  Inflation is hovering around 7% 

10:17 AM

RBI Policy LIVE: Real GDP for FY23 projected at 7% vs 7.2% projected earlier

10:15 AM

Market Check:: Bank Nifty see-saws post RBI rate hike

Among individual banks, Kotak Bank and HDFC Bank were the prominent gainers, while AU Small Finance Bank and Federal Bank were the top losers.

10:15 AM

RBI Policy LIVE: Pressure on merchandise exports; but imports hint sustained demand

>> Merchandise exports slowing down
>> non-gold, oil imports remain firm