Sensex Today | Stock Market LIVE Updates: Sensex, Nifty trade lower post RBI policy decision; realty, PSU banks top sectoral gainers
12:20:42 PM IST, 05 April 2024
Post-RBI policy view: Parijat Agrawal, Head – Fixed Income, Union Mutual Fund
As expected MPC kept the policy rate and stance unchanged. The softening of core inflation gives sufficient room to MPC, however volatile food inflation and recent uptick in crude and other commodity prices is to be watched and MPC kept the full years projection at 4.5%. The strong momentum in growth also gave comfort to MPC to align the CPI on a durable basis to 4%. We expect rate cuts in 3rd quarter of FY 25, possibly after US FOMC starts rate cut cycle. RBI is expected to keep liquidity neutral so that further transmission of higher rates can continue. There is possibility of modification of LCR framework going forward which may augur well for bonds.
12:17:14 PM IST, 05 April 2024
RBI Governor Shaktikanta Das on MPC meet outcome
12:10:58 PM IST, 05 April 2024
RBI Governor Das Says
- To continue to focus on preserve financial stability
- Focus on aligning inflation to target on durable basis
11:51:05 AM IST, 05 April 2024
Post-RBI policy view: Umeshkumar Mehta, CIO, SAMCO Mutual Fund
RBI MPC maintains status quo on the repo rate at 6.5% in line with expectation. India’s Central Bank is in sync with the world central banks such as the US Fed, Bank of England, ECB and PBOC in keeping its interest rates unchanged. There were no new surprises from the MPC as inflation continues to get closer to target levels and our economy continues to grow at 7% or higher for the 3rd successive year. India stands strong like a rock amongst other economies and our expectation is that interest rates will start pivoting sometime around the last quarter of this calendar year.
11:49:35 AM IST, 05 April 2024
Stock Market LIVE Updates: Tokyo stocks close down ahead of US jobs data
The benchmark Nikkei 225 index dropped 1.96 percent, or 781.06 points, to 38,992.08, while the broader Topix index lost 1.08 percent, or 29.38 points, to 2,702.62.
11:44:14 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Bank Of Maharashtra says gross advances as of March end up 16.31% YoY
11:31:20 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Nifty Realty index rallies nearly 1.5%
- Sobha only losers from the Nifty realty pack
11:22:30 AM IST, 05 April 2024
India benchmark bond yield briefly hits 2-month high, no surprise in RBI policy
Indian government bond yields stayed higher on Friday, with the benchmark yield touching a nearly two-month high, as the Reserve Bank of India maintained rates and stance as widely expected while sounding cautious on inflation. The yield on the benchmark 10-year was at 7.1069% as of 11:10 a.m. IST, after closing at 7.0934% on Thursday. It had hit 7.1217%, the highest since Feb. 14, after the policy decision.
11:09:38 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Globus Spirits to forge joint venture partnership with Ansa Mcal
- Agreed to forge joint venture partnership with Ansa Mcal
- JV to engage in manufacturing, sourcing, distribution of beer in India
- Initial focus placed on introducing Carib beer brand to Indian Market
- Stock up 2.7% on BSE
11:06:14 AM IST, 05 April 2024
Post-RBI policy view | Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
The monetary policy which has come on expected lines with no change in policy rates and stance is, however, very optimistic about the current financial year. Emphasising that “CPI inflation is in declining trajectory and GDP growth is buoyant” the Governor has projected CPI inflation of 4.5% and GDP growth of 7% for FY 25. This optimism augurs well for the stock market. Governor’s remark that “private capex cycle is getting broad-based and capacity utilisation is improving “ is good news for the capital goods segment.
11:04:05 AM IST, 05 April 2024
Post-RBI Policy view from Santosh Meena, Head of Research at Swastika Investmart
Nifty is currently trading within a range of 22,200 and 22,600. We believe a breakout above 22,600 could signal a move towards 22,800 or even 23,000.
Bank Nifty is facing immediate resistance in the 48,200 to 48,600 zone. Overcoming this hurdle could lead to a rise towards 50,000. On the downside, the 47,700 to 47,200 zone is considered a potential support level.
10:59:27 AM IST, 05 April 2024
RBI Policy View: Madhavi Arora, Lead Economist, Emkay Global Financial Services
Thus we maintain the RBI’s tone will slowly tiptoe to ‘Gracklish’ from the usual ‘Hawk-Dove’ signaling, implying a non-committal stance and limited definite forward guidance ahead.
While bull-steepening of India bonds looks to be a popular trade, consistent repricing of Fed cuts could spill over into the RBI’s reaction function and will be cyclically noisy for bonds/FX.
10:47:36 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: RBI approves appointment of Anil Kumar Sharma as Part-time Chairman of the Equitas SFB
10:28:23 AM IST, 05 April 2024
RBI MPC OUTCOME | Shaktikanta Das says
- Prospects of investment activity bright
- Deflation in fuel likely to deepen in near term
- Geopolitical tensions pose upside risks to supply chains
Global growth remains resilient; recent uptick in crude oil prices needs to be closely monitored
– Shaktikanta Das, RBI Governor
10:21:20 AM IST, 05 April 2024
RBI leaves repo rate unchanged; retains “withdrawal of accommodation” stance
The Reserve Bank of India on Friday left the repo rate unchanged at 6.50% following the conclusion of its three-day monetary policy meeting. This is the seventh consecutive time the RBI has left policy rates untouched. The Monetary Policy Committee of the central bank also retained its stance of remaining focussed on “withdrawal of accommodation.”
10:19:10 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Nifty Bank in the green; top gainers from the banking sector
10:18:11 AM IST, 05 April 2024
RBI MPC OUTCOME | Shaktikanta Das says CPI inflation for FY25 projected at 4.5%
- Q1: 4.9%
- Q2: 3.8%
- Q3: 4.6%
- Q4: 4.5%
10:17:04 AM IST, 05 April 2024
RBI MPC OUTCOME | Shaktikanta Das says
- Risks to GDP projection are evenly balanced
- RBI sees FY25 GDP growth at 7%
10:14:37 AM IST, 05 April 2024
RBI MPC OUTCOME | Shaktikanta Das says
- We continue to strive to learn, adopt, innovate, while performing our multiple responsibilities
- Journey of Reserve Bank is closely related to evolution of Indian economy
10:12:57 AM IST, 05 April 2024
RBI Policy Impact | 10-year bond yield at highest since Feb 14
High global public debt is a risk that may erupt
– RBI Governor Shaktikanta Das says
10:09:42 AM IST, 05 April 2024
RBI MPC OUTCOME | Shaktikanta Das says
- Core CPI declined steadily over 9 months
- Have policy space to focus on inflation
10:07:51 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Sensex unchanged following RBI announcement
10:10:18 AM IST, 05 April 2024
RBI MPC OUTCOME | RBI keeps key repo rate unchanged for 7th straight time
- RBI maintains stance of ‘withdrawal of accommodation’
- MPC voted in ratio of 5:1 to keep repo rate unchanged
10:02:40 AM IST, 05 April 2024
RBI MPC OUTCOME | Policy announcement begins
10:00:36 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Vijay Kedia-backed Tac Infosec debuts at 174% premium over issue price
Ahead of the listing, Tac Infosec’s shares were trading with a premium of Rs 115 in the grey market.
The IPO, which was completely a fresh equity issue of 28.2 lakh shares, received massive subscription of over 300 times.
09:54:46 AM IST, 05 April 2024
Morning market quote from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
The Middle East skirmishes have pushed up Brent crude to $91 and if oil continues to rise that can pose macro headwinds for India.
It is possible that the exuberant Indian investors DIIs flush with money may ignore the headwinds buy the dips imparting resilience to the market.
Amidst market weakness, banking stocks provide opportunities to buy. Data regarding deposit and loan growth from banking majors, particularly HDFC Bank are positive. Small finance banks data also indicate a healthy trend.
09:32:17 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Bandhan Bank surged 2.5% after the bank’s loans and advances clocked Rs 1.28 lakh crore in Q4, registering an 18% growth year-on-year. The total deposits stood at Rs 1.35 lakh crore with a 25% rise year-on-year.
09:32:05 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Prestige Estates Projects rose 3.5% after the company caught hold of a 21-acre land parcel in Bengaluru’s Whitefield to develop a residential project at an estimated cost of Rs 4,500 crore.
09:30:23 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Puravankara records highest-ever qtrly sales value of Rs 1947 crore for Q4FY24; Annual customer collections in FY24 up by 60% YoY
09:22:42 AM IST, 05 April 2024
Rupee falls 6 paise to 83.45 against US dollar in early trade
09:21:06 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Check out the most active stocks on NSE
09:19:36 AM IST, 05 April 2024
Opening Bell: Sensex down 120 points ahead of RBI policy decision, Nifty below 22,500; ICICI Pru gains 3%, Sobha falls 2%
09:15:40 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates:BROKERAGE RADAR | BERNSTEIN INDIA STRATEGY
• We are in a state of markets where flows and long-term expectations dictate trends, and building fresh positions is tough
• Remove Cipla from portfolio as coverage on healthcare is discontinued
• Add Zomato and ICICI Bank to the portfolio
• Other Portfolio Stocks – HDFC Bank, Axis Bank, Infosys, L&T, NTPC, Bharti Airtel, RIL and Adani Ports
09:09:35 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 50 points; Nifty above 22,480
09:09:14 AM IST, 05 April 2024
Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd
Weak sentiment is likely to prevail in early trades owing to correction in overnight US markets and its negative impact on most of the Asian indices. There could be sideways movement ahead of the RBI announcement on monetary policy and banking stocks are likely to be in the spotlight. While interest rates are likely to remain unchanged in view of stubborn inflation, the street will be eyeing RBI Governor Shaktikanta Das commentary. Commanding attention will also be the US nonfarm payrolls report to be released in the overnight trades today, the Federal Reserve’s rate cut hopes primarily rest on this jobs report. Technically, Nifty’s immediate hurdles is at its all-high at 22619 mark and then all eyes will be on the 23000 mark, while the index has intraday support at 22339 mark.
08:43:46 AM IST, 05 April 2024
RBI Policy Preview | Vivek Iyer, Partner, Grant Thornton Bharat
The GDP growth forecast for India seems to be in a positive direction as per the IMF forecasts. The CPI inflation number as of February 2024 also happens to be at 5.09 % which is within the RBI inflation range of 2 % to 6%. However , the inflation rate is close to the upper range of 6 percent and the geopolitical uncertainties still weigh heavily on global growth through fragile supply chains. We also have the Indian elections around the corner. With this background, we expect the rbi to keep a neutral stance with no change in interest rates, as the RBI would like to see some more certainty with which the macro economic variables would move before taking a rate decision in either direction. We expect a rate cut only in the third quarter of this year, if at all the rate cut has to happen but not before that.
08:15:38 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Asia stocks stumble on risk-off mood; oil prices climb
Asian shares retreated on Friday as hawkish comments from some Federal Reserve officials and escalating geopolitical tensions put a dent in risk sentiment, while traders were also cautious ahead of U.S. jobs data due later in the day.
07:45:14 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Gold takes breather after record run ahead of US jobs data
Gold prices hit a pause on Friday after scaling to historic highs in the previous session on expectations of lower U.S. interest rates this year, while traders await further cues from a key jobs report due later in the day.
07:44:47 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Dollar steady ahead of jobs data; yen hits two-week high
The U.S. dollar held steady against peer currencies on Friday after rebounding from a two-week low, as traders braced for a key jobs report due later in the day and grew cautious over tensions in the Middle East.
07:19:25 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Tokyo stocks open lower
Tokyo stocks opened lower on Friday after falls on Wall Street as investors eyed key US jobs data later in the day. The benchmark Nikkei 225 index was down 1.34 percent, or 533.24 points, at 39,239.90 in early trade, while the broader Topix index slipped 1.22 percent, or 33.31 points, to 2,698.69.
07:19:37 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Oil prices bound for second weekly gain on geopolitical tension, supply concerns
Oil prices extended gains on Friday and headed for a second weekly gain, supported by geopolitical tensions in Europe and the Middle East, concerns over tightening supply, and optimism about global fuel demand growth as economies improve.
07:19:44 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 90.50 points, or 0.40 per cent, at 22,556.50, signaling that Dalal Street was headed for negative start on Friday.
07:19:51 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty charts show bearish reversal
The Nifty 50 ended marginally higher on Thursday, but the session witnessed volatility amid bouts of profit booking. The 50-stock index ended 0.4% higher at 22514.65 points.
07:19:51 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Rupee rises 14 paise against US dollar
The rupee on Thursday recovered 14 paise to close at 83.39 against the US dollar, tracking a firm trend in domestic markets and a weak greenback against major crosses overseas.
07:20:05 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Wall Street sells off ahead of jobs report, investors digest Fed comments
The three major U.S. stock indexes fell more than 1% each and the S&P 500 had its biggest daily percentage drop since Feb. 13 on Thursday as Federal Reserve officials took a cautious approach in comments on the outlook for interest rate cuts, and investors braced for Friday’s U.S. monthly jobs report.
07:20:13 AM IST, 05 April 2024
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Thursday
The 30-share BSE benchmark Sensex surged 351 points or 0.47% to settle at 74,228. The broader NSE Nifty gained 80 points or 0.36% to end at 22,515.
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