_media/bs/ado/article-speech/123040600105-1680776508736.mp3

CLOSING BELL: Shaktikanta Das said the move was only "a pause and not a pivot"

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		<strong>Stock market highlights:</strong> Equity markets turned volatile on Thursday after the Reserve Bank of India&#39;s (RBI&#39;s) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5 per cent during its bi-monthly policy meeting. This was against Markets&#39; expectations of a 25-basis point hike. The dovish decision lifted investors&#39; spirits marginally as governor Shaktikanta Das said the move was only &quot;a pause and not a pivot&quot;. <a href="https://www.business-standard.com/finance/news/no-change-mpc-presses-pause-after-hiking-rate-by-250-bps-since-may-2022-123040600348_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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		Given this, the benchmark S&P BSE Sensex swung 430 points during the day, before ending 144 points, or 0.24 per cent, higher at 59,833. The Nifty50, too, settled near 17,600-mark at 17,599, up 42 points or 0.24 per cent.</div>
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		The broader markets, meanwhile, outran the frontline indices with 0.7 per cent gain each on the BSE MidCap and SmallCap indices.<br />
		<br />
		Among sectors, rate-sensitive Realty index surged nearly 3 per cent, followed by the Nifty Auto index (up 0.9 per cent), and the Nifty PSU Bank index (up 0.33 per cent). The Nifty IT index, however, capped gains as it fell 0.75 per cent.</div>
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		<strong>Trading strategies for rate sensitive stocks</strong></div>
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		The RBI&#39;s decision has the power to trigger up to 15 per cent rally in rate sensitive stocks. <a href="https://www.business-standard.com/markets/news/sbi-dlf-trading-strategies-for-rate-sensitive-stocks-post-rbi-policy-123040600341_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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Sensex up 144pts, Nifty nears 17,600 as RBI pauses hike; realty stocks jump

Business Standard

Sensex up 144pts, Nifty nears 17,600 as RBI pauses hike; realty stocks jump | News on Markets - Business Standard

Market Check:: Shoppers Stop, DMart, Nykaa among top BSE A-Group losers

RBI Policy LIVE: Guv Das concludes policy address

Market Reacts:: Shares of financial services rally up to 7% on the BSE

RBI Policy LIVE: RBI proposes operation of pre-sanctioned credit lines at banks via UPI

&gt;&gt; Intend to expand and widen UPI footprint, says Guv Das

Market Check:: Vakrangee, Chola Finance zoom up to 7|%; top gainers among BSE A-Group

RBI Policy LIVE: RBI proposes to bring web portal to locate unclaimed deposits

<div>
	&gt;&gt; Measure to help depositors to search unclaimed deposits across banks</div>

RBI Policy LIVE: RBI permits banks with IBUs to offer non-deliverable derivative contracts in onshore markets

Market Reacts:: Rupee quotes near 82-mark v/s USD

RBI Policy LIVE: Current Account Deficit expected to remain at manageable levels in Q4FY23, FY24

RBI Policy LIVE: Keeping close watch on the banking crisis in developing countries, says Guv Das

Market Reacts:: Broader indices hold steady gains; VIX remains stable

RBI Policy LIVE: Global economy faces serious financial stability concerns

RBI Policy LIVE: Confident to bring down inflation to our target over medium-term, says Guv Das

Market Reacts:: Nifty PSU index top gainer; shares rally up to 3%

RBI Policy LIVE: Remain watchful of global situation, our actions of past year

&gt;&gt; Our job not yet finished, war against inflation has to continue till inflation sees durable decline to our target, says Das

Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged

Shares of rate sensitive sectors such as financials including banks, non-banking financial companies (NBFCs) and housing finance companies (HFC), real estate and automobiles were trading firm after the Reserve Bank of India (RBI) on Thursday kept the repo rate unchanged at 6.5 per cent. <a href="https://www.business-standard.com/markets/news/rate-sensitive-shares-gain-up-to-3-as-rbi-keeps-repo-rate-unchanged-123040600259_1.html?1680758516" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Infrastructure" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-01/30/full/1643541441-8567.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Infrastructure" width="620" /></div>
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TTK Healthcare hits 5-year high on delisting plan; zooms 70% in 14 days

The board of directors are scheduled to meet on April 20, 2023 to consider the proposal for voluntary delisting of the equity shares of the company. <a href="https://www.business-standard.com/markets/news/ttk-healthcare-hits-5-year-high-on-delisting-plan-zooms-70-in-14-days-123040600170_1.html?1680754044" target="_blank"><strong>READ MORE</strong></a><br />
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Avenue Supermarts sheds 4% on profit booking post Q4 business update

The firm reported 20 per cent year-on-year (YoY) growth in standalone revenue from operations to Rs 10,337 crore for the quarter ended March (Q4FY23). <a href="https://www.business-standard.com/markets/news/avenue-supermarts-dips-3-on-profit-booking-post-q4-business-update-123040600190_1.html?1680755067" target="_blank"><strong>READ MORE</strong></a><br />
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Sugar stocks hog limelight; Balrampur hits 11-month high

India&#39;s sugar production fell 3 per cent to 29.9 million tonnes (MT) in the first six months of the 2022 23-marketing year ending September, according to industry body ISMA. <a href="https://www.business-standard.com/markets/news/sugar-stocks-in-focus-balrampur-hits-11-month-high-triveni-dalmia-up-3-123040600287_1.html?1680759899" target="_blank"><strong>READ MORE</strong></a><br />
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CLOSING BELL:: S&P BSE Sensex extends winning run to fifth straight day, ends 144 pts up

Anupam Rasayan hits record high; zooms 58% in 2 mths on strong biz outlook

<div>
	Last month, the company signed LoI worth revenue of $120 million (Rs 984 crore) for the next 6 years with Japanese Chemical company. <a href="https://www.business-standard.com/markets/news/anupam-rasayan-hits-record-high-zooms-58-  in-2-mths-on-strong-biz-outlook-123040600529_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="Nifty, market, sensex, stocks, investors, growth" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-05/28/full/1622146493-6675.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Nifty, market, sensex, stocks, investors, growth" width="620" /></div>
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Singer India hits 10% upper circuit as Rakesh Khanna takes VC & MD charge

Khanna was the MD &amp; CEO of Orient Electric, a leader in consumer appliances, with revenues of over Rs 2,500 crore. <a href="https://www.business-standard.com/markets/news/singer-india-surges-10-after-appoints-rakesh-khanna-as-vc-md-of-company-123040600496_1.html?1680769897" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="stock market, markets, brokers, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-02/09/full/1612811807-2748.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="stock market, markets, brokers, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown" width="620" /></div>
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EXPERT ON RBI POLICY: Unchanged repo rate spells good news for rate-sensitive sectors

<blockquote>
	<p>
		Contrary to expectations of 25 bps hike in policy rate, RBI has decided to take a pause in interest rate hikes this time around. However, it has kept the window open for any further action on interest rates depending upon the incoming economic data and any changes in the global macro scenario. Interestingly, the decision to not go for a rate hike is an unanimous decision by members of the Monetary Policy Committee (MPC). Also, for fiscal 2023-24 (FY2024), the projections for real GDP growth rate increased to 6.5 per cent (up from 6.4 per cent earlier and higher than the projections by World Bank and IMF), while the forecast for retail inflation is reduced to 5.2 per cent, as against 5.3 per cent earlier. The overall commentary is also quite positive with expectations of a broad-based growth in the economy with financial stability reflected in the rising forex reserves and current account deficit under control. Markets are reacting positively to the policy with easing of bond yield and upsurge in the interest rate sensitive stocks. We remain positive on equity markets and expect interest rate sensitive sectors like real estate, auto, banks, financials along with engineering/capital goods to lead the rally in the near-to-medium term.<br />
		<br />
		<em>Views expressed by&nbsp;Jaideep Arora, CEO, Sharekhan by BNP Paribas</em></p>
</blockquote>

Market Check:: Sensex slips back into red, down over 250 pts from day's high

EXPERT ON RBI POLICY: Believe we are at the end of rate hike cycle

<blockquote>
	<p>
		The RBI governor emphasized on the emerging financial stability risks in advance economies. Due to which there are evolving downside risk to the inflation, leading to RBI revising downward its inflation projection at 5.2% vs 5.3% for FY24 earlier. The RBI has revised upwards India&rsquo;s GDP forecast to 6.5% vs 6.4% earlier on account of resilience of India&rsquo;s economic activity. After the policy announcement, the bond yields have softened. The RBI maintains that next policy action will depend on the evolving growth and inflation dynamics in India. We believe that we are at the end of the rate hike cycle in India.<br />
		<br />
		<em>Views expressed by&nbsp;Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life Insurance</em></p>
</blockquote>

Broader markets outperform benchmark; India VIX eases 3%

EXPERT COMMENT: Pause in rate hike cycle aimed to support economic growth

<blockquote>
	<div>
		The Reserve Bank of India (RBI) has made a prudent decision to pause the rate hike, considering the uncertainty prevailing in the global financial market and the potential challenges that may arise for India&#39;s growth due to the lack of clarity on the El-Nino phenomenon. The RBI&#39;s decision to take a pause is aimed at supporting growth in the economy.&nbsp;<br />
		<br />
		While the Governor of the RBI has indicated that the pause in the rate hike is applicable only for this meeting, the central bank remains highly vigilant about the growth in the economy and will assess the situation carefully before taking any future rate hikes. In these uncertain times, the RBI recognizes that another rate hike could potentially hamper the growth momentum of the economy.<br />
		<br />
		<em>Views expressed by&nbsp;Sunil Damania, Chief Investment Officer, MarketsMojo</em></div>
</blockquote>

As RBI keeps repo rate unchanged, here's a timeline of it since June 2000

The standing deposit facility rate and the marginal standing facility rate also remained unchanged. <a href="https://www.business-standard.com/finance/news/as-rbi-keeps-repo-rate-unchanged-here-s-a-timeline-of-it-since-june-2000-117100400942_1.html?1680764650" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="RBI Governor Shaktikanta Das" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/06/full/1680763819-1215.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 620px; height: 460px;" title="RBI Governor Shaktikanta Das" /></div>
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RBI Press Conference LIVE: Ecosystem of AT-1 bonds remains sustainable, says RBI Guv

&gt;&gt; Large number of investors are a pool of high net-worth individuals<br />

Nifty Realty index extends gain, up over 2% led by Godrej Prop, DLF

RBI Press Conference LIVE: Lower volumes seen for rupee's internationalisation, says Dy Guv

RBI Press Conference LIVE: Rate hike cycle is a pause, not pivot, says Governor

RBI Press Conference LIVE: US rate action does not influence MPC's decision, says Guv

&gt;&gt; Monetary policy primarily determined by domestic factors<br />
&gt;&gt; US rate action does not determine RBI MPC&#39;s rate action<br />

RBI Press Conference LIVE: Average inflation projected 5.2% in FY24, however target 4%, says Guv

RBI Press Conference LIVE: MPC watchful & won't hesitate on further rate hikes, says Guv

&gt;&gt; Effective rate increase 290 basis points in the last one year<br />
&gt;&gt; Overnight call rates were up 320 basis points in the last one year<br />
&gt;&gt; MPC remains watchful and will not hesitate to take further rate hike actions<br />
&gt;&gt; Focus continues on price stability<br />
<div style="float: left;">
	<img align="" alt="Reserve Bank Governor Shaktikanta Das" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/06/full/1680763045-4065.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 620px; height: 464px;" title="Reserve Bank Governor Shaktikanta Das" /></div>
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EXPERT COMMENT: Pause in repo rate hike a big cheer for realty industry

<blockquote>
	<div>
		Today&rsquo;s pause in the rate hike cycle is a very positive and welcoming move by the RBI. The consumer inflation in the economy has sustained above the RBI&rsquo;s upper threshold of 6 per cent and is more likely to remain sticky in the next few months, following the recent crude oil production cut by the OPEC countries and Russia. Consumer inflation arising from such events is beyond the central banks&rsquo; control. Any further hike in the repo rate and lending rates along with sustained inflation could potentially reduce the spending capacity of the consumers, which in turn can dampen India&rsquo;s economic growth. Therefore, the RBI&rsquo;s decision to pause its rate hike cycle is supportive of economic growth.</div>
	<div>
		&nbsp;</div>
	<div>
		From a real estate market perspective, the sector has weathered multiple home loan interest rate increases from a low of 6.5 per cent to 8.75 per cent, supported by favourable house purchase affordability and the strong desire towards home ownership. Therefore, a pause in any further rise in the lending rates should support the existing growth momentum in the housing sector.<br />
		<br />
		<em>Views expressed by&nbsp;Shishir Baijal, Chairman &amp; Managing Director, Knight Frank India&nbsp;</em></div>
</blockquote>

EXPERT COMMENT: A drop in FY24 inflation projection drove RBI to 'pause' rate hike cycle

<blockquote>
	<p>
		The decision to keep the repo rate unchanged at 6.5 per cent is a pleasant surprise as we were expecting a 25 bps hike. With a decrease in inflation projection for FY24 from 5.3 per cent earlier to 5.2 per cent, the real rate now stands at 130 bps, thus, allowing RBI to not go for another rate hike.<br />
		<br />
		<em>Views expressed by&nbsp;Ritika Chhabra- Quant Macro Strategist &ndash; Prabhudas Lilladher PMS</em></p>
</blockquote>

STOCK CHECK | Royal Orchid Hotels secure lease extension for hotel in Mysore

STOCK CHECK | KEC International bags new orders worth Rs 1,213 crore

EXPERT COMMENT: Charts reveal Street hopes dovish rate hike action hereon

<blockquote>
	<p>
		Finally, the RBI took a break after a year of non-stop rate hikes. Corporates could now heave a sigh of relief that chances of further rate hikes from these levels are slim. However, RBI has still kept the window for further hikes open if inflation rises again or US Fed goes aggressive on rate hikes from here. India 10-year bond yields have also witnessed a sharp cut of almost a percent after the announcement. Yields have been consolidating in a range of 7.5 per cent and 7.2 per cent for more than six months. This is now showing signs of a breakdown on the charts indicating that markets expectation of interest trajectory from here is down.<br />
		<br />
		<em>Views expressed by&nbsp;Rohan Patil, Technical Analyst, SAMCO Securities</em></p>
</blockquote>

EXPERT COMMENT: Economy & markets will align if RBI's inflation, growth forecast is true

<blockquote>
	<p>
		The MPC&rsquo;s unanimous pause has come as a bit of a surprise. But the RBI Governor has hastened to add that they will hike again if need be. This pause can be seen as a wait and watch response to see how the previous six rate hikes will impact inflation and growth. If the RBI&rsquo;s projection of 5.2 per cent CPI inflation and 6.5 per cent GDP growth turns out to be true, that would be a benign scenario for the economy and markets. The 6.5 per cent GDP growth rate appears to be on the optimistic side when seen in the context of a slowing global economy.<br />
		<br />
		<em>Views expressed by&nbsp;Dr. V K Vijayakumar, Chief Investment Strategist at Gojit Financial Services</em></p>
</blockquote>

EXPERT COMMENT: Economy's core strength intact after RBI retains FY24 GDP forecast

<blockquote>
	<div>
		In a very surprising move, the RBI kept the repo rate unchanged in today&#39;s meeting, against a market expectation of a 25bps hike. However, according to the RBI governor the pause is only for this meeting and MPC remains open to act depending on the data. We believe this is a big positive for the market, where the governor has shown unprecedented flexibility and is willing to act according to the situation rather than be rigid and simply data-driven. Another positive was that RBI continued to maintain the FY24 GDP projection at 6.5 per cent, essentially signalling that the core strength of the economy remains intact. Inflation projection too has been retained at 5.2 per cent.<br />
		<br />
		<em>Views expressed by&nbsp;Sushant Bhansali, CEO, Ambit Asset Management</em></div>
</blockquote>

EXPERT COMMENT: Unchanged repo rate bodes well for rate-sensitive sectors

<blockquote>
	<p>
		Contrary to expectations of 25 bps hike in policy rate, RBI has decided to take a pause in interest rate hikes this time around. However, it has kept the window open for any further action on interest rates depending upon the incoming economic data and any changes in the global macro scenario. Interestingly, the decision to not go for a rate hike is an unanimous decision by members of the Monetary Policy Committee (MPC). Also, for fiscal 2023-24 (FY2024), the projections for real GDP growth rate increased to 6.5% (up from 6.4% earlier and higher than the projections by World Bank and IMF) while the forecast for retail inflation is reduced to 5.2% as against 5.3% earlier. The overall commentary is also quite positive with expectations of a broad-based growth in the economy with financial stability reflected in the rising forex reserves and current account deficit under control. Markets are reacting positively to the policy with easing of bond yield and upsurge in the interest rate sensitive stocks. We remain positive on equity markets and expect interest rate sensitive sectors like real estate, auto, banks, financials along with engineering/capital goods to lead the rally in the near-to-medium term.<br />
		<br />
		<em>Views expressed by&nbsp;Jaideep Arora, CEO, Sharekhan by BNP Paribas</em></p>
</blockquote>

At 10:15 AM; Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Private Bank and Nifty Realty indices were quoting higher by up to 1.3 per cent. <a href="https://www.business-standard.com/markets/news/rate-sensitive-shares-gain-up-to-3-as-rbi-keeps-repo-rate-unchanged-123040600259_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Rupee falls below 82 against US dollar after RBI hits pause on rate hikes

The rupee declined to an intraday low of at 82.06 per U.S. dollar versus 81.88 before the RBI policy announcement. <a href="https://www.business-standard.com/finance/news/rupee-falls-below-82-against-us-dollar-after-rbi-hits-pause-on-rate-hikes-123040600235_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="rupee, indian rupee, indian currency" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/27/full/1679893177-1514.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 620px; height: 460px;" title="rupee, indian rupee, indian currency" /></div>
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Market Reacts:: Sensex up 140 pts, holds steady gains post surprise status quo RBI policy

EXPERT COMMENT: Unchanged repo rates a boon for housing market

<blockquote>
	<p>
		Much against general expectations, the RBI decided to keep the repo rates unchanged at 6.5% today. This is indeed good for the residential real estate market, which faces a tough road ahead amid massive layoffs by large corporates the world over. India is not decoupled from global economic dynamics and their invariable impact on the housing uptake here. The RBI&rsquo;s decision to keep the repo rates unchanged comes as a welcome respite to homebuyers.<br />
		<br />
		<em>Views expressed by&nbsp;Anuj Puri, Chairman &ndash; ANAROCK Group</em></p>
</blockquote>

RBI Policy LIVE: Inflation projection for FY24 revised down to 5.2%

<div>
	RBI revises FY24 inflation projection to 5.2% from 5.3%</div>
<div>
	&nbsp;</div>
<div>
	Q1FY24: 5.1% vs 5% earlier</div>
<div>
	Q2FY24: 5.4% (unchanged)</div>
<div>
	Q3FY24: 5.4% (unchanged)</div>
<div>
	Q4FY24: 5.2% vs 5.6% earlier</div>
<br />
<img alt="Photo: Bloomberg" src="https://www.business-standard.com/_next/image?url=https%3A%2F%2Fbsmedia.business-standard.com%2F_media%2Fbs%2Fimg%2Farticle%2F2022-06%2F13%2Ffull%2F1655117805-7712.jpg%3Fim%3DFeatureCrop%2Cwidth%3D826%2Cheight%3D465&amp;w=1920&amp;q=75" style="width: 600px;" />

RBI Policy LIVE: Real GDP growth for 2023-24 (FY24) projected at 6.5%

RBI Policy LIVE: Necessary to evaluate the cumulative impact of rate hikes, says Guv Das

<div>
	&gt;&gt; Have always been watchful</div>
<div>
	&nbsp;</div>
<div>
	&gt;&gt; Need to take calibrated manner</div>
<div>
	&nbsp;</div>
<div>
	&gt;&gt; We are back at 2019 interest rate levels<br />
	<img alt="Shaktikanta Das, RBI Governor, BFSI Summit" src="https://www.business-standard.com/_next/image?url=https%3A%2F%2Fbsmedia.business-standard.com%2F_media%2Fbs%2Fimg%2Farticle%2F2022-12%2F19%2Ffull%2F1671426424-4352.jpg%3Fim%3DFeatureCrop%2Cwidth%3D826%2Cheight%3D465&amp;w=1920&amp;q=75" style="width: 600px;" /></div>

Market Check:: Nifty up 35 pts; gains almost 100 pts from day's low

RBI Policy LIVE: India's banking sector remains resilient amid global banking crisis, says Das

RBI Policy LIVE: Decision to maintain repo rate is for this meeting only

RBI Policy LIVE: MPC maintains status quo, keeps rates unchanged at 6.5%

RBI Policy LIVE: Bank failures has brought financial risks to the forefront

RBI Policy LIVE: Global economy is facing renewed turbulence

MARKET COMMENT: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

<blockquote>
	<p>
		The recent rally which has taken the Nifty around 600 points from the March lows has been driven by reasonable valuations and short covering. FIIs turning buyers (Rs 4261 crores during the last 4 trading sessions) also has been supportive. Global support for the rally will depend on the payrolls data from the US tomorrow. Already ISM services data has come below expectations. So it is possible that tomorrow&rsquo;s payrolls data may indicate a slowing economy and this can prove to be positive from the market perspective. Today&rsquo;s MPC decision is likely to be a dovish hike of 25bp. The RBI commentary and inflation projections have to be closely watched. Bank Nifty continues to exhibit strength.</p>
</blockquote>

RBI set to raise rates 25 bps on elevated inflation, keep hawkish stance

Retail inflation rose 6.44% year-on-year in February, easing from 6.52% in January but has remained above the RBI&#39;s mandated target range of 2%-6% for 10 out of the last 12 readings. <a href="https://www.business-standard.com/finance/news/rbi-set-to-raise-rates-25-bps-on-elevated-inflation-keep-hawkish-stance-123040600083_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="rbi, reserve bank of india" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/28/full/1679988491-2481.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 620px; height: 460px;" title="rbi, reserve bank of india" /></div>
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Dalmia Bharat gains 3% as board approves setting up new distillery for Rs 400 crore

The board has approved setting up of a grain-based distillery at the Nigohi unit of the company with a capacity of 250 KLPD with a capital expenditure of Rs 400 crore, which is expected to be commissioned by September 2024.<br />
<br />
This would be financed by debt and internal accruals. It has further approved capacity expansion at the Ramgarh Sugar unit from 6600 TCD to 7000 TCD at a capital expenditure of Rs 14 crore. The capital expenditure will be financed by internal accruals and it is expected to be commissioned by November 2023.<br />
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RVNL gains on winning Rs 121 crore project

It has emerged as the Lowest Bidder (L1) for a project worth Rs 121 cr from North Central Railway.&nbsp;<br />
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Nykaa sheds 3% as Reliance Retail launches e-retailer beauty platform Tira

DMart falls 3% even as Q4 revenue rises 20% YoY

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	Avenue Supermarts, which operates retail chain DMart, reported 20 per cent year-on-year (YoY) growth in standalone revenue to Rs 10,337 crore in Q4.
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Cholamandalam Invest rallies 5% on firm Q4 update

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	Disbursements for Q4 FY23 rose 65 per cent YoY to Rs 21,020 crore. This was Rs 66,532 crore for FY23, up 87 per cent over FY22.&nbsp;</div>
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HEATMAP: HUL, HCL Tech, Asian Paints lead losses on Sensex

OPENING BELL: Nifty edges down to around 17,500

OPENING BELL: Sensex opens over 100 pts lower

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CURRENCY CHECK: Rupee opens at 81.92/$ as against Wednesday's close of 82.02/$

PRE-OPEN SESSION: Sensex trades flat below 59,650 levels

PRE-OPEN SESSION: Nifty50 trades below 17,550 levels, down 40pts

Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP

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	Dmart: Avenue Supermarts, which operates retail chain DMart, reported 20 per cent year-on-year (YoY) growth in standalone revenue from operations to Rs 10,337 crore in the quarter ended March (Q4FY23).<br />
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	Tata Steel: During Q4FY23, its consolidated steel production increased by about 3 per cent to 7.77 million tonne (MT). The company&#39;s overall steel output in the prior quarter was 7.55 MT. Total sales for Tata Steel was 7.59 MT, a decrease of 3.43 per cent from 7.86 MT during the same period in 2021&ndash;2022.&nbsp;<a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-dmart-tata-steel-heromoto-nykaa-ril-godrej-cp-infosys-123040600107_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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RBI should prioritise inflation over growth, say FinMin officials

The RBI has a mandate to keep retail inflation at 4 per cent within a band of 2 percentage points on either side. <a href="https://www.business-standard.com/economy/news/rbi-should-focus-on-taming-inflation-over-growth-say-finmin-officials-123040501030_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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WATCH VIDEO | How have discount brokerages changed the game?

The number of retail investors in India has risen at a breakneck speed in the past two years. Experts also credit discount brokerages for this. Find how these brokerages have changed the trading game.&nbsp;<br />
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<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="460" scrolling="no" src="https://www.youtube.com/embed/s0n6vPyxUwA" title="How have discount brokerages changed the game?" width="620"></iframe>

WATCH VIDEO | What should investors expect from Q4FY23 results?

India Inc will start Q4FY23 earnings season next week. A fall in commodity costs, pick-up in credit growth and easing supply snags are likely to help India Inc&rsquo;s margins. What should investors expect?<br />
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<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="460" scrolling="no" src="https://www.youtube.com/embed/3cqoIH55MTU" title="What should investors expect from Q4FY23 results?" width="620"></iframe>

Half of top 100 cos see cut in target price over concerns of tepid earnings

Adani Green Energy, FSN E-Commerce (Nykaa), Adani Ports &amp; SEZ and Indus Towers are among the companies that have seen the maximum cut in TPs during the first three months of calendar 2023, shows Bloomberg data. <a href="https://www.business-standard.com/markets/stock-market-news/half-of-stocks-in-nifty-100-index-see-reduction-in-target-price-analysts-123040500749_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Mumbai Police's Economic Offences Wing fresh notices to 300 NSEL brokers" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-01/24/full/1548268758-1746.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Mumbai Police's Economic Offences Wing fresh notices to 300 NSEL brokers" width="620" /></div>
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DIIs sold equities worth Rs 947 crore on April 5

FIIs bought equities worth Rs 806 crore on April 5

Brent, WTI Crude erase minor gains, hover up to $84 per barrel

Asia-Pacific markets trade mixed: Nikkei 225 slips over 1%

Defensive plays help Dow Jones log gains overnight