Sensex ends 304 pts up, Nifty tests 21,000 as RBI leaves rates untouched

Closing Bell on December 8, 2023: The BSE Sensex touched a high of 69,894, whil the Nifty hit a peak at 21,006. Infosys, HDFC Bank and ICICI Bank were the major movers on Friday.

10:46 AM

Bank stocks extend gains from opening post RBI MPC outcome

10:32 AM

RBI Guv LIVE:: UPI transaction limit hiked for education, healthcare

>> UPI transaction limit for education, healthcare spend hiked from Rs 1 lakh to Rs 5 lakh

10:32 AM

RBI MPC LIVE: RBI to lay down regulatory framework for web aggregation of loan products

Under the digital lending ecosystem, concerns related to web aggregation of loan products has come to our notice, says Guv Das. 

 

Banks and NBFCs increasingly partnering with fintechs. So, we prosose to set up a fintech repository, says Das. 

10:27 AM

RBI Guv LIVE:: India top remittance receiving country

>> FPIs flows have seen a significant turnaround in FY24

 

>> FDI flows moderated to $10.4 bn in Apr-October

10:24 AM

RBI MPC LIVE: RBI allows reversal of liquidity facilities under SDF, MSF from December 30

RBI allows reversal of facilities under SDF, MSF even on weekends and holidays from December 30, says Guv Das. 

 

This will facilitate better fund management by banks, Das adds. 

10:22 AM

RBI Guv LIVE:: Govt spending to ease liquidity

>> MPC to remain nimble on liquidity management

 

>> So far, the need for OMOs did not arise

10:20 AM

RBI MPC LIVE: Need for OMO sales has not occured so far as liquidity remained under pressure

10:18 AM

RBI MPC LIVE: Monetary policy needs to be actively disinflationary, says Das

>> This is needed to bring inflation to the 4% target. 

10:15 AM

RBI Guv LIVE:: Threats to food inflation going ahead

>> Increase in prices of key vegetables a threat

 

>> Sugar prices, rabi crop also on radar

10:15 AM

RBI MPC LIVE: RBI keeps FY24 CPI headline forecast unchanged at 5.4%

>> Q1FY25 inflation projected at 5.2%

 

>> Q2FY25 at 4% and Q3FY25 at 4.7%

10:12 AM

RBI MPC LIVE: RBI raises FY24 GDP forecast to 7% from 6.5%

>> Q3 growth projected at 6.5%

 

>> Q4 growth pegged at 6%

10:11 AM

RBI Guv LIVE:: Investments activity up on buoyancy in public capex

>> Investments in fixed assets grow in H1 driven by petroleum, chemicals

 

>> Private consumption to gain support from strength in rural demand

10:10 AM

ALERT: Nifty hits 21,000 as RBI maintains status quo on repo rate

10:08 AM

RBI Guv LIVE:: Global economy continues to remain fragile

>> Extreme weather conditions; rising geopolitical conflicts a risk

 

>> Easing of inflation globally could lead of change in policy stance
 

10:05 AM

RBI Guv LIVE: Key repo rate left untouched at 6.5%

>> Repo rate left unchanged at 6.5%

>> Majority 5 out of 6 members agree to withdrawal of accomodation