Nifty, which has been looking for a directional headway on either side, ended the week 0.33% down with all major news trigger events like Budget, earnings, US Fed and RBI policy meetings behind us. Anand James, Chief Market Strategist, Geojit Financial Services, says this data vacuum presents an opportunity for time correction. “But our modest … Read more
“They are shrugging off the risk related to the election event. Probably they have taken a view about what is likely to be the direction for the markets ahead in terms of a positive direction and that is why we are seeing the Nifty reaching a new record level this week,” says Mahantesh Sabarad, Independent … Read more
Mumbai: The Reserve Bank of India (RBI) on Thursday proposed sweeping changes in norms concerning wilful defaulters, defining them as someone who has an outstanding amount of Rs 25 lakh and above and has refused to repay despite having the capacity to pay. RBI has sought comments on the new draft master direction that proposes … Read more
“I think rate cut, again expectations have been also sort of pushed beyond because we do not expect the US Fed to sort of cut rates because that will sort of put pressure on the currency,” says Pankaj Pandey, Head Research, ICICIdirect.com.What is the market expecting from the RBI policy, a status quo and I … Read more
“KPIT had a different story going for it because of their work on the EV automation side and the kind of order flows they were getting,” says Sandip Sabharwal, asksandipsabharwal.com.Although there may be two holidays this week, it is a pretty critical one. You have that surprise move by OPEC, RBI policy, the cue for … Read more
NEW DELHI: Following changes made in the Union Budget last week and RBI policy on Wednesday, global brokerage firm Jefferies has reshuffled its India model portfolio to add and Cholamandalam Finance by removing . “Our finance team is now incrementally positive on non-bank lenders as the rate hike cycle nears its end,” Jefferies’ Mahesh Nandurkar … Read more
NEW DELHI: Rate sensitive stocks gained on Wednesday after the Reserve Bank of India (RBI) hiked repo rate – the rate at which it loans money to banks — by 50 basis points to 4.90 per cent in order to tackle elevated inflation. Most bank stocks, which are among the most sensitive stocks with respect … Read more
A chorus is growing among Indian monetary policy officials that the central bank’s outlook on inflation and growth is being overtaken by events, including the war in Ukraine, signaling a change of course is likely at its next meeting in April. Shashanka Bhide, an external member in the six-member Monetary Policy Committee, is the latest … Read more
Consumer prices rising above the Reserve Bank of India’s inflation target for the second straight month may have raised fears of a policy rate increase, but many economists expect the central bank to maintain its accommodative stance to support economic recovery. They cited easing of commodity prices from their peaks and the RBI‘s high inflation … Read more
RBI Governor Shaktikanta Das heads into his second term with increasing pressure to pivot back toward battling inflation and winding down his crisis-era policy settings. Having kept the main interest rates steady on Wednesday, Das starts his next three-year term Dec. 11 with some in the bank already calling for unwinding the ultra-loose policies. One … Read more