DSIJ Mindshare

This article is authored by Prof. Vidhu Shekhar, Assistant Professor of Finance and Accounting at S.P. Jain Institute of Management and Research (SPJIMR).

In today’s monetary policy announcement, the RBI mandated that loan processing fees, documentation fees, and other charges be incorporated into the actual interest rates disclosed to borrowers.

On June 8, it is expected that the market will open slightly higher, as indicated by the SGX Nifty, with a positive start for the broader index. The SGX Nifty showed a gain of 12 points, opening the session at 18,825 points. In early trade on June 8, SGX futures reached a high of 18,851.

Indices have closed mixed amid volatility. Nifty closed marginally higher by 15 points near 17,400 while Sensex surged 90 points. Meanwhile, Nifty Midcap and Nifty Smallcap also closed on a mixed note.