HDFC duo, L&T lift Sensex 583 pts, Nifty atop 17550 day ahead of RBI policy

CLOSING BELL: Buying momentum in IT, HUL, and ITC shares also lent support

3:39 PM

Nifty 50 Losers:: Eicher Motors, Mahindra & Mahindra, IndusInd Bank slip up to 2%

3:38 PM

Nifty 50 Gainers:: Larsen & Toubro, HDFC, HDFC Bank rally up to 4%

3:36 PM

CLOSING BELL:: NSE Nifty50 jumps 159 points to 17,557

3:33 PM

CLOSING BELL:: S&P BSE Sensex rallies 583 points to 59,689

3:18 PM

RBI monetary policy: Will the central bank hike repo rate again tomorrow?

If the RBI announces another rate hike tomorrow, it will take the repo rate to the highest level since April 2016, when it was 6.75 per cent. READ MORE

3:03 PM

News Alert:: Nazara Tech acquires majority stake in Branded; stock soars 5%

The esports and gaming arm of Nazara Technologies, NODWIN Gaming, has acquired 51 per cent stake in the Singapore-based full service live media company Branded (branded.live).

2:49 PM

Pricol hits record high on heavy volumes; surges 30% in last 10 sessions

Pricol is expected to register steady business performance on healthy demand for its products from OEMs and export customers and sustain its operating profitability at current levels, as per analysts. READ MORE

2:36 PM

Reliance Retail ropes in former Amul chief RS Sodhi to drive grocery biz

Sodhi is expected to help Reliance Retail build its grocery vertical, especially in the fruits and vegetable space, besides helping its consumer brands segment. The company has been aggressively increasing its presence in the segment. Recently, it has launched a wide range of products, from beverages under the Campa brand to home items. READ MORE

2:20 PM

Hindalco recalibrates capex to $4.5 bn from $7.9 bn, cites challenges

Hindalco, the aluminium company of the Aditya Birla group, has recalibrated its growth capital expenditure to $4.5 billion, to be spent in the next five years, from $7.9 billion announced a year ago, likely marking the first such decision by a major Indian firm. READ MORE

2:08 PM

Bajaj Auto reports fall of 2% in total sales in March to 291,567 units

Overall two-wheeler sales were at 2,47,002 units as against 2,56,324 units in the same month a year ago, down 4 per cent, the company said. READ MORE

 

 

1:55 PM

RBI Policy Expectation: Ravi Subramanian, MD & CEO of Shriram Housing Finance

"As the central banks of the developed economies such as the US Fed, European Central Bank and Bank of England have continued with hiking rates, we expect the MPC to follow with a hike of 25 bps or lesser this week. consumer prices and core inflation have remained high and are a cause of concern. As the prevailing economic scenario calls for higher rates, we expect the policymakers to take note of the impact of stretched EMIs and loan tenures on the home loan and home-buying demand. Home loan growth for the industry has been in the mid-teens and in the affordable segment demand has been higher and we expect that momentum to sustain despite higher rates."

1:43 PM

Reliance, Jio raise $5 bn in largest syndicated loan in India: Report

Reliance will mainly deploy the funds raised towards its capital expenditure, while Jio would put the money to finance its nationwide 5G network rollout. READ MORE

1:29 PM

GQG Partners sees $2 billion Adani bet delivering returns over 100%

Rajiv Jain, one of the biggest names in emerging-market investing, cut across the grain last month when he bought almost $2 billion worth of Adani Group stock. READ MORE

1:14 PM

Market Check:: BSE Midcap index flat in a firm market; Ashok Leyland dips 3%

1:02 PM

RBI Policy Expectation: Aditya Damani, Founder and CEO of Credit Fair

"As the retail inflation is above the RBI's upper tolerance level of 6 per cent, the scenario sets the context for another rate hike. Since controlling inflation is the priority of the RBI, a pause in the rake hike is unlikely. However, we expect the RBI to alter its stance from withdrawal of accommodation to neutral to boost the growth outlook of all the key sectors."