RBI

PL Capital predicts Nifty bull case target at 27,590, flags 23 SMID, largecap stocks as high conviction picks

by
PL Capital predicts Nifty bull case target at 27,590, flags 23 SMID, largecap stocks as high conviction picks

Even as macroeconomic uncertainty and global trade tensions cloud near-term market sentiment, leading brokerage Prabhudas Lilladher Capital (PL Capital) remains optimistic about the long-term prospects of Indian equities. In its latest market outlook, the brokerage has outlined a bull case target of 27,590 for the Nifty. It projects a potential upside scenario if valuations revert … Read more

FPIs flip sentiment in March-end, pump Rs 31,877 crore in equities after volatile spell – Foreign inflows rebound in late March

by
FPIs flip sentiment in March-end, pump Rs 31,877 crore in equities after volatile spell – Foreign inflows rebound in late March

In a strong sign of revived foreign investor sentiment, overseas investors purchased Indian equities worth Rs 31,877 crore across sectors during the second half of March 2025, according to data compiled by the ET Bureau from NSDL. This rebound came after weeks of volatility and cautious positioning by global funds amid macroeconomic uncertainties. The RBI’s … Read more

Market in a phase of time correction; recovery to be gradual: Sanjay H Parekh

by
Market in a phase of time correction; recovery to be gradual: Sanjay H Parekh

“It is a very-very good liquidity provision they have done. Now, followed up with another repo rate cut and changing the stance from neutral to accommodative and clearly directionally telling that we are pro-growth now,” says Sanjay H Parekh, Sohum Asset Managers.The verdict is out. If you look at the RBI stance, there is a … Read more

Short-term rebound could trap investors; better to wait for clarity: Dipan Mehta

by
Short-term rebound could trap investors; better to wait for clarity: Dipan Mehta

“If not on the earnings, definitely on the valuations. So, I think that investors now again need to get extremely cautious and from a buy-on-decline kind of a strategy, now you should be trying to shift to a sell-on-rise strategy,” says Dipan Mehta, Director, Elixir Equities. As an Indian investor, what do you do, I … Read more

SBI halts Amrit Kalash FD offering 7.60% interest rate; Amrit Vrishti to continue

by
SBI halts Amrit Kalash FD offering 7.60% interest rate; Amrit Vrishti to continue

State Bank of India (SBI), the country’s largest lender, has ceased its Amrit Kalash fixed deposit (FD) scheme, which was earlier available for a limited period. This scheme offered a notable interest rate of 7.10% per annum for regular investors and a higher rate of 7.60% for senior citizens on a 400-day deposit. According to … Read more

‘If govt imposes 100% income tax on Sovereign Gold Bond…’: Financial expert on SGB redemption   

by
‘If govt imposes 100% income tax on Sovereign Gold Bond…’: Financial expert on SGB redemption   

Sovereign Gold Bonds (SGB), one of the popular gold investment tool, were debt securities issued by the Reserve Bank of India (RBI) on behalf of the government, with each unit representing a gram of gold. These bonds can be traded in the secondary market, allowing investors to potentially gain capital. Additionally, the government utilises SGBs … Read more

RBI policy – Is it neutral or accommodative?

by
RBI policy – Is it neutral or accommodative?

Over the last few months, there has been a distinct shift in the focus of monetary policy towards growth as inflation pressures have subsided. From December 2024 onwards RBI has focused on infusing durable liquidity to make conditions conducive for transmission and credit off-take. Durable liquidity infusion implemented and announced is estimated at INR6.2tn via … Read more

Eid 2025 Bank Holiday: Will banks remain open or closed on March 31?

by
Eid 2025 Bank Holiday: Will banks remain open or closed on March 31?

On March 31, 2025, designated as a public holiday in India due to Eid-Ul-Fitr, banks across the country will remain open for essential transactions. The Reserve Bank of India (RBI) has mandated that agency banks handling government business must operate on this day. This decision aims to facilitate taxpayers and ensure smooth financial operations at … Read more

Market consolidation or rebound? Daylynn Pinto on the road ahead for investors

by
Market consolidation or rebound? Daylynn Pinto on the road ahead for investors

“It is fair to expect that we do continue to consolidate for a couple of quarters and we do have quite a few data points to look forward to over the next couple of months, starting with April 2nd, of course, followed by the RBI policy meet, and then a very-very important result season, which … Read more

Are banks closed on March 31? Check RBI’s order for year-end closure process

by
Are banks closed on March 31? Check RBI’s order for year-end closure process

The Reserve Bank of India (RBI) has taken the decision to cancel the bank holiday originally set for March 31, 2025. This move comes as the central bank aims to ensure that banks across the country remain operational during this critical period for year-end financial transactions. This directive is a response to the need for … Read more