Interest Rate Reversal & Market Reaction
Interest Rate Reversal & Market Reaction
Pre and Post-Interest Rate Cut Trends
Over the course of the year, the RBI has successfully mitigated inflationary pressures, all the while maintaining robust economic growth.
Nifty closed at 17600 levels; Real estate stocks emerged as star performers
NBFC stocks rallied after the dovish commentary of RBI governor. Sectors like Realty and Auto also showed decent strength.
Nifty closed around the day's high by rallying 42 points or 0.24 per cent to close around 17,600 level on the weekly expiry day. S&P BSE Sensex also closed around the day’s high with rise more than 143 points. Nifty Midcap 100 rallied 0.64 per cent after 2 days’ consolidation and Nifty Small cap 100 rallied 0.78 per cent.
Indices closed on a mixed note; Banks and Auto sector stocks are the top gainers
Hero Motocorp, Coal India and Bajaj Auto were the top gainers while BPCL, ITC and Infosys were the top losers amongst Nifty 50 stocks.
Nifty closed 38 points or 0.22 per cent above from previous close after sharp profit booking of morning session and closed around 17,398 level. S&P BSE Sensex closed around the day’s high with a rise of 152 points. Nifty Midcap 100 and Nifty Small cap 100 soared 0.44 per cent and 0.74 per cent respectively.
Shares below Rs 100: Only buyers were seen in these stocks on January 16!
About 1,741 shares have advanced, 1,772 declined and 190 are unchanged.
About 1,741 shares have advanced, 1,772 declined and 190 are unchanged.
Market WRAP: Nifty and Sensex close marginally higher on weekly expiry day; Nifty PSU Bank soars nearly 4 per cent!
Axis Bank, IndusInd Bank and L&T emerged as the top gainers from the Nifty 50 stocks
The broader market traded in a range throughout the day amid volatility. Slight recovery towards the end took Nifty above 18,600 levels as it rose 0.28 per cent.
Highlights of RBI MPC outcome: Stock market did not bulge despite 50 bps rate hike
RBI Governor said that the depreciation has happened in an orderly manner. It was largely due to the strengthening of the US dollar but the rupee has flared well against its peer Asian currencies.
RBI Governor stated that despite a fall in crude oil prices and commodity prices, inflation is at an uncomfortably high level. However, the domestic activity has been resilient while PMI in July is at an eight-month high. For the next financial year, RBI retains its CPI forecast at 6.7 per cent.
What does market expect from RBI Monetary Policy meeting?
With RBI Monetary Policy Committee meeting around the corner, the market shall be keenly watching this event to understand RBI’s stance on red-hot inflation.
In context to market expectations from Friday’s RBI MPC meet, Sumit Chanda, Founder & CEO of JARVIS Invest says, “While there have been some indications of the inflation moderating, with the Brent being still above the $100 mark and a falling rupee, we can expect RBI to hike the repo rate by about 50 bps.
Impact of RBI's 50 bps repo rate hike on debt fund investors!
The Reserve Bank of India upped the repo rate by 50 basis points today, as expected. What influence, though, might debt fund investors have?
The Reserve Bank of India upped the repo rate by 50 basis points today, as expected. What influence, though, might debt fund investors have?
Nifty closes below 16,400; Bharti Airtel, ITC, and Reliance emerge as top losers
Tata Steel, SBI and Dr Reddy’s Laboratories emerged as the top gainers amongst Nifty stocks while Bharti Airtel, ITC & Reliance Industries were the top losers.
Indices closed lower for the fourth consecutive day as Nifty falls below 16,400, down by 0.37 per cent.
Impact of RBI's 40 basis points rate hike on debt fund investors!
The RBI surprised the market yesterday by raising key policy rates by 40 basis points. What effect would this have on debt fund investors? Let us investigate.
The RBI surprised the market yesterday by raising key policy rates by 40 basis points. What effect would this have on debt fund investors? Let us investigate.
Stocks below Rs 100: Only buyers seen in these scrips on April 20
At 11.30 am on Wednesday, the core equity indices i.e., Sensex & Nifty 50 were trading higher by almost 1 per cent each as the dollar rose higher and the IMF cut the growth forecast by almost a per cent, owing to the effects of the ongoing war in several countries.
At 11.30 am on Wednesday, the core equity indices i.e., Sensex & Nifty 50 were trading higher by almost 1 per cent each as the dollar rose higher and the IMF cut the growth forecast by almost a per cent, owing to the effects of the ongoing war in several countries.
Stocks below Rs 100: Only buyers seen in these scrips on April 19
The scrip of AU Small Finance Bank is up by almost 6 per cent as the company is expected to announce bonus shares whereas Apollo Hospitals is a top gainer in the mid-cap space and is up by 5.48 per cent.
At 11 am, the core equity indices i.e., Sensex and Nifty 50 were trading flat amidst mixed global cues. The Asian markets plunged due to a fall in the technology stocks as well as the surge in COVID-19 cases.