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Stock market live updates: Ahead of the Reserve Bank of India's (RBI) monetary policy outcome, the SGX Nifty, on Thursday indicated a flat start to the bourses, quoting 18,823 levels

Sensex sinks 294 pts as RBI keeps repo rate unchanged, Nifty nears 18,600

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	<strong>Stock market highlights: </strong>Equity indices ended sharply lower on Thursday as weekly F&O expiry and profit booking post the Reserve Bank of India&#39;s monetary policy decision put pressure on the indices. The S&P BSE Sensex tumbled 294 points to 62,849 levels, while the Nifty50 ended below the 18,650-level at 18,635, down 92 points.&nbsp;<br />
	<br />
	<strong>ALSO READ:&nbsp;<a href="https://www.business-standard.com/finance/news/rbi-policy-rbi-mpc-unanimously-decides-to-keep-repo-rate-unchanged-at-6-5-123060800234_1.html" target="_blank">Repo rate unchanged at 6.5%, RBI cuts FY24 inflation projection</a></strong></div>
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	Sun Pharma, Kotak Bank, Tech M, M&M, Axis Bank, HUL, Tata Motors, TCS, Nestle India, and Bajaj twins dropped between 1 per cent and 3 per cent.&nbsp;</div>
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	In the broader markets, the BSE MidCap index fell 0.87 per cent, while the BSE SmallCap index slipped 0.47 per cent. The selling was seen across the board with all except the Nifty Metal index closing up to 1.6 per cent lower.&nbsp;</div>
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	<strong>IPO Mart :: Ikio Lighting</strong></div>
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	The Rs 607-crore IPO of Ikio Lighting was subscribed nearly 55 times on the final day of the offer. The NII portion was subscribed 59 times, retail portion 13 times, and QIB porion 127 times.&nbsp;</div>
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Stock market live updates, June 8: Ahead of the Reserve Bank of India's (RBI) monetary policy outcome, the SGX Nifty, on Thursday indicated a flat start to the bourses, quoting 18,823 levels | Business Standard

Business Standard

Sensex sinks 294 pts as RBI keeps repo rate unchanged, Nifty nears 18,600 | News on Markets - Business Standard

Good morning readers! Stay tuned for live market updates with Business Standard

Stay tuned for live market updates with Business Standard

BSE Power index gains 2% on hopes of higher demand; NTPC hits 5-year high

Ratings agency ICRA said the likelihood of El Nino in FY24 may have a positive impact on electricity demand. <a href="https://www.business-standard.com/markets/news/bse-power-index-gains-2-on-hopes-of-higher-demand-ntpc-hits-5-year-high-123060800264_1.html?1686201319" target="_blank"><strong>READ MORE</strong></a><br />
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Paytm rallies 8%; hits 9-month high on BofA Securities 'Buy' call

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	The brokerage firm BofA Securities upgraded the stock to &#39;Buy&#39; on the back of strong revenue momentum and operational leverage, which can surprise on consensus estimates. <a href="https://www.business-standard.com/markets/news/paytm-extends-gain-surges-11-in-two-days-stock-hits-over-9-month-high-123060800494_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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Apollo Pipes soars 6% to hit new high on healthy outlook; up 42% in 2023

CRISIL Ratings expects APL&#39;s revenue to grow by 11-12 per cent in the current fiscal 2024 supported by healthy demand, with Ebitda margin improving to 10-12 per cent. <a href="https://www.business-standard.com/markets/news/apollo-pipes-hits-new-high-soars-6-on-healthy-business-outlook-123060800547_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="left" alt="chart" class="imgCont" height="363" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-06/08/full/1686220600-9149.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="602" /></div>
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Aether Industries soars 10% on inking pact with US-based Oil Field Services firm

The company executed Letter of Intent (LoI) with USA based leading global Oil Field Services Company for strategic supplier and contract manufacturing partnership. <a href="https://www.business-standard.com/markets/news/aether-inds-soars-10-on-inking-pact-with-us-based-oil-field-services-firm-123060800423_1.html?1686209804" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="left" alt="chart" class="imgCont" height="362" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-06/08/full/1686220419-9598.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="602" /></div>
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CLOSING BELL:: S&P BSE Sensex sheds 294 pts, ends at 62,849 after RBI leaves key rates untouched

Paytm rallies 8% to hit over 9-month high on BofA Securities 'Buy' call

The brokerage firm BofA Securities upgraded the stock to &#39;Buy&#39; on the back of strong revenue momentum and operational leverage, which can surprise on consensus estimates. <a href="https://www.business-standard.com/markets/news/paytm-extends-gain-surges-11-in-two-days-stock-hits-over-9-month-high-123060800494_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="PayTm" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-05/06/full/1620304176-5933.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="PayTm" width="620" /></div>

The company executed Letter of Intent (LoI) with USA based leading global Oil Field Services Company for strategic supplier and contract manufacturing partnership. <a href="https://www.business-standard.com/markets/news/aether-inds-soars-10-on-inking-pact-with-us-based-oil-field-services-firm-123060800423_1.html?1686209804" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="stock market, markets, trading, nse, bse, sensex, nifty, rally" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-01/16/full/1642355687-7189.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="stock market, markets, trading, nse, bse, sensex, nifty, rally" width="620" /></div>

RBI Presser LIVE: Guv Das reiterates that this rate pause is not a pivot

RBI Presser LIVE: About 85% of Rs 1.8 trillion 2,000 rupees notes deposited in bank accounts, says Guv Das

RBI Presser LIVE: So far about Rs 1.8 lakh crore of Rs 2000 notes are back in system

&gt;&gt; These are 50% of the notes that were in circulation till March, says Das.<br />

Rate sensitive shares trade mixed after RBI keeps repo unchanged at 6.5%

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	The Nifty Bank, Nifty Financial, Nifty Private and Nifty PSU Bank indices were up 0.35 - 0.51 per cent, while Nifty Realty and Nifty Auto indices were down 0.10 - 41 per cent. <a href="https://www.business-standard.com/markets/news/rate-sensitive-shares-trade-mixed-after-rbi-keeps-repo-unchanged-at-6-5-123060800311_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Reserve Bank of India, RBI" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-06/06/full/1686043670-1426.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a></div>

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	Ratings agency ICRA said the likelihood of El Nino in FY24 may have a positive impact on electricity demand. <a href="https://www.business-standard.com/markets/news/bse-power-index-gains-2-on-hopes-of-higher-demand-ntpc-hits-5-year-high-123060800264_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Photo: Bloomberg" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/19/full/1681901132-3901.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a></div>

RBI Policy LIVE: Quarterly real GDP growth projection for FY24

Q1FY24:: 8%<br />
Q2FY24::&nbsp;6.5%<br />
Q3FY24::&nbsp;6%<br />
Q4FY24::&nbsp;5.7%

RBI Policy LIVE: Rupee has remained stable since January, says Governor Das

RBI Policy LIVE: Stability of long term yields hints at anchored inflation expectations, says Das

Stability of long term yields augurs well for the economy and&nbsp;suggests anchoring of market based long term inflation expectations.&nbsp;

Market Check:: Sensex at day's high, up 140 pts as RBI leaves rates untouched

RBI Policy LIVE: Goal is to reach 4% target inflation going ahead, says Governor Das

RBI Policy LIVE: Headline CPI projected at 5.1% for FY24

&gt;&gt; FY24 inflation estimate lowered from 5.2%<br />
&gt;&gt; Q1FY24 infaltion projection lowered to 4.6% from 5.1%

RBI Policy LIVE: Real GDP for FY24 estimate unchanged at 6.5%

RBI Policy LIVE: Domestic demand conditions remain supportive of growth in FY24

RBI Policy LIVE: Headline inflation to remain above 4% in FY24, says Das

RBI Policy LIVE: MPC keeps repo rate unchanged at 6.5%

BPCL, Eicher Motors among top Nifty drags

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JSW Steel, Hero Moto, ONGC top Nifty gainers

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HEATMAP: NTPC, Power Grid lead gains on Sensex

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OPENING BELL: Sensex opens with nominal gains

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Stocks to Watch today, June 8: Banks, Auto, Lemon Tree, Adani Ent, Titagarh

Stocks to Watch on June 8, 2023: Shares of banks, automobile, and real estate companies could see considerable action in Thursday&#39;s session as the Reserve Bank of India (RBI) is slated to announce its interest rate decision. <a href="https://www.business-standard.com/markets/news/top-stocks-to-watch-today-june-8-banks-auto-lemon-tree-adani-enterprises-torrent-power-tata-elxsi-timex-group-india-sula-vineyard-zydus-lifesciences-titagarh-punjab-sind-bank-123060800122_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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FMCG stocks get a boost from improving prospects; analysts are bullish

Despite high valuations, analysts are bullish and upgrading targets on the back of volume and margin gains for companies. <a href="https://www.business-standard.com/markets/stock-market-news/fmcg-stocks-get-a-boost-from-improving-prospects-analysts-are-bullish-123060701040_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Demat account openings rise in May, total count at new high of 118.2 mn

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	2.1 mn new accounts added, up 32% MoM from 1.6 mn in April, and in line with previous 12-month average of 2 million. <a href="https://www.business-standard.com/markets/news/demat-account-openings-rise-in-may-2-1-million-new-accounts-added-123060700635_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="Industry players say the number of demat accounts will continue to grow. However, the pace of addition may moderate." class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/14/full/1649955591-4164.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="markets, demat account" width="620" /></div>
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RBI expected to pause again with markets watching for shift in stance

India&#39;s latest quarterly growth figures exceeded estimates last week, bringing about an expansion of 7.2% for the last fiscal year. <a href="https://www.business-standard.com/finance/news/rbi-expected-to-pause-again-with-markets-watching-for-shift-in-stance-123060700088_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="RBI, interest rate hike, repo rate" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-02/05/full/1675617784-7575.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="RBI, interest rate hike, repo rate" width="620" /></div>
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WATCH VIDEO | After a year of underperformance, can RIL reverse trend?

Shares of Reliance Industries have underperformed benchmark indices in the past year. Foreign portfolio investors, too, have trimmed their holdings in the stock over. What has led to this steep fall?&nbsp;<br />
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<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="400" scrolling="no" src="https://www.youtube.com/embed/c_vdmL1hCag" title="After a year of underperformance, can RIL reverse trend?" width="600"></iframe>

IKIO Lighting IPO subscribed 6.83 times on second day of share sale

The Initial Public Offering (IPO) of LED lighting solution provider IKIO Lighting was subscribed 6.83 times on the day two of the share sale on Wednesday. <a href="https://www.business-standard.com/pti-stories/news/ikio-lighting-ipo-subscribed-6-83-times-on-2nd-day-of-offer-123060700891_1.html?1686193165" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="ipo" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-08/10/full/1628619560-9012.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="ipo" width="620" /></div>
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Book profits as Nifty Auto, Nifty Financial index trade in overbought zone

Nifty Financial Services is exhibiting a triangle-shaped pattern, which indicates a period of consolidation and uncertainty, says Ravi Nathani. <a href="https://www.business-standard.com/markets/news/book-profits-as-nifty-auto-nifty-financial-index-trade-in-overbought-zone-123060800095_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="markets" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/05/full/1680716245-8139.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="markets" /></div>
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DIIs purchased equities worth Rs 392 crore on Wednesday, June 7

FIIs bought equities worth Rs 1,382 crore on Wednesday, June 7

SGX Nifty signals soft start to Thursday's trade

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US trade deficit widens to 6-month high, expected to dent economic growth

Stocks on Wall Street were trading mostly lower. The dollar slipped against a basket of currencies. US Treasury prices fell. <a href="https://www.business-standard.com/world-news/us-trade-deficit-widens-to-6-month-high-expected-to-dent-economic-growth-123060701182_1.html?1686191085" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="All but five stocks in the S&amp;P 500 tumbled, and the benchmark posted a more than 20% loss since its January peak, crossing into a bear market. (Photo: Bloomberg)" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-06/14/full/1655178867-7443.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="US stock market" width="620" /></div>
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US dollar index claws back gains ahead of jobs data

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Turkish lira crashes 7% after Recep Tayyip Erdogan's third term starts

In other Turkish markets, the main stocks index rose 3.1%, extending gains since the vote to 21% and reversing this year&#39;s losses. <a href="https://www.business-standard.com/world-news/turkish-lira-crashes-7-after-recep-tayyip-erdogan-s-third-term-starts-123060701081_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Turkish President Recep Tayyip Erdogan, talks during a televised address to the nation following a cabinet teleconference meeting, in Istanbul. Photo: PTI" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-05/12/full/1589268790-2571.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="President of Turkey, Recep Tayyip Erdogan" width="620" /></div>
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Russia blows up Ukraine dam: What's happening and what's at stake

The fallout from the breach of a river dam along a front line of Russia&#39;s war in Ukraine continued to wreak havoc on lives, livelihoods and the environment on Wednesday. <a href="https://www.business-standard.com/world-news/russia-blows-up-ukraine-dam-what-s-happening-and-what-s-at-stake-123060700920_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Russia Ukraine Conflict" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/18/full/1684399843-1807.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 400px; height: 300px;" title="Russia Ukraine Conflict" /></div>
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Coinbase execs defend platform against lawsuit, call for clear crypto rules

Coinbase has been pushing the SEC to formulate new crypto-specific regulations since last year and in April asked the US Court of Appeals for the Third Circuit to compel the regulator to respond. <a href="https://www.business-standard.com/world-news/coinbase-execs-defend-platform-against-lawsuit-call-for-clear-crypto-rules-123060701120_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Within days of announcing its launch in India with much fanfare, Coinbase has halted payments via united payments interface (UPI) on its app" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/11/full/1649617985-1504.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Coinbase, Cryptocurrency" width="620" /></div>
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US Treasury yields inches up as investors eye Fed's next meet

Prices of Brent Crude, WTI Crude skid 0.4% each

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	<em>source: oilprice.com</em><br />
	<img align="left" alt="chart" class="imgCont" height="155" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-06/08/full/1686189873-6725.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="330" /></div>
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Australia's S&P/ASX 200 index marginally lower amid weak global cues

Chinese stocks largely subdued in early trade: Shanghai index down 0.2%

Hong Kong markets open lower in trade: Hang Seng down 0.5%

Japanese shares mixed in early trade: Nikkei 225, Topix flat

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Losses in mega-cap stocks weigh NASDAQ Composite, and the S&P 500 indices

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Sensex sinks 294 pts as RBI keeps repo rate unchanged, Nifty nears 18,600

CLOSING BELL, JUNE 8, 2023: Sun Pharma, Kotak Bank, Tech M, M&M, Axis Bank, HUL, Tata Motors, TCS, Nestle India, and Bajaj twins dropped between 1 per cent and 3 per cent

Good morning readers! Stay tuned for live market updates with Business Standard

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