MARKET WRAP: Sensex down 192 pts, Nifty ends at 11,598 after RBI rate cut

All that happened in markets today

3:38 PM

Sectoral gainers and losers of the day

3:37 PM

Top gainers and losers on S&P BSE Sensex at close

3:36 PM

MARKET AT CLOSE

The S&P BSE Sensex shed 192 points or 0.49 per cent to settle at 38,685, while the NSE's Nifty50 index slipped to end at 11,598, down 46 points or 0.39 per cent.

3:12 PM

Knight Frank India on RBI rate cut

"We are delighted with the second consecutive rate cut announced today which ushers an era of falling interest rate regime. We hope that the reduction in rate are passed on by the banks to the home buyers. Lower interest rates, along with the recent reduction in GST rates for under construction properties, should provide the fillip to end user demand. The real estate sector has been looking forward to such stimuli to boost sales velocity.”

-- Shishir Baijal, Chairman & Managing Director, Knight Frank India

2:56 PM

Most active stocks by volume (BSE500)

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
WIPRO	257.50	-4.00	-1.53	44671623
REL. COMM.	3.42	-0.17	-4.74	19318053
VODAFONE IDEA	15.10	-0.85	-5.33	5857509
SUZLON ENERGY	6.52	0.00	0.00	5449639
REDINGTON INDIA	97.50	-0.30	-0.31	4588221

2:50 PM

Top gainers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
ORIENT CEMENT	90.65	5.10	5.96	35818
SWAN ENERGY	116.80	5.85	5.27	134330
FORCE MOTORS	1765.75	86.00	5.12	68460
LAK. VILAS BANK	88.35	4.20	4.99	1925406
INTERGLOBE AVIAT	1422.90	57.75	4.23	93359

2:43 PM

IndusInd Bank falls 2.6%

2:36 PM

HDFC hits all-time high of Rs 2,057; gains 11% in one month

Housing Development Finance Corporation Limited (HDFC) shares hit an all-time high of Rs 2,057, up 2.3 per cent, in intra-day trade on the BSE on Thursday after the Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6 per cent in the first bi-monthly monetary policy meet of the financial year (FY) 2019-20. READ MORE

2:28 PM

BNP Paribas on RBI rate cute

“The RBI’s 25BPS repo rate cut, as well as, the RBI’s decision to maintain the neutral monetary policy stance was largely in line with market expectations. However, the downward revision on GDP growth and CPI inflation forecast indicates some caution from the regulator. The Governor’s clarification that RBI continues to be dedicated to upholding credit discipline, and that it will be coming out with steps (in accordance with the process desired by the apex court) for NPA resolutions may be viewed as a relief for banks. By allowing banks to reckon an additional 2% of G-Secs within the mandatory SLR requirement, for the purpose of computing LCR, in a phased manner would help provide further liquidity in the system, and in our view, is positive for banks.”

-- Lalitabh Shrivastawa, AVP Research, Sharekhan by BNP Paribas

2:16 PM

TCS slips 2.8%

2:06 PM

Repco Home Finance gains 5.33%

1:52 PM

Force Motors surges 11% post March sales numbers

Shares of Force Motors moved higher by 11 per cent to Rs 1,869 on the BSE on Thursday on the back of heavy volumes after the company reported total sales of 4,117 units in March. The stock hit an intra-day low of Rs 1,661 today. READ MORE

1:46 PM

NEWS ALERT | Tata Motors' total JLR UK sales up 6% at 24,862 units (YoY)

1:42 PM

Sectoral trends on NSE

1:32 PM

IndiGo rises 4.7%

1:12 PM

5 factors that shaped RBI's inflation forecast and 6 key risks

The Reserve Bank of India (RBI) slashed repo rate by 25 basis points (bps) to 6 per cent in its First bi-monthly Monetary Policy Statement for financial year 2019-20 (FY20). The central bank, however, has assumed the monsoon to be normal this year. READ MORE

1:03 PM

NEWS ALERT | Force Motors total sales down 8.9% at 4,117 units YoY

1:02 PM

Market check

12:50 PM

Explained: Reasons why RBI cut its retail inflation forecast for 2019

The Reserve Bank of India (RBI) on Thursday cut the retail inflation forecast to 2.9-3 per cent for the first half of current fiscal, mainly due to lower food and fuel prices as well as expectation of a normal rainy season. However, the central bank voiced uncertainty over inflation outlook. READ MORE

12:39 PM

Rate sensitive shares trade mixed after RBI cuts repo rate by 25 bps

Shares of interest rate sensitive sectors like the bank, real estate, and automobiles were trading mixed on the bourses after the Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points to 6 per cent in the first bi-monthly monetary policy meet of the financial year (FY) 2019-20. READ MORE

12:24 PM

12:24 PM

NEWS ALERT | Rate sensitive shares trade mixed post RBI policy

12:23 PM

NEWS ALERT | Revised circular on bad loan resolution to be issued soon: RBI Guv

12:20 PM

Nifty PSU Bank index gains 0.63%

12:17 PM

Repco Home Finance slides 2.60%

12:16 PM

Rupee update | Rupee falls 0.43 paise to 68.85 vs US dollar

12:13 PM

RBI monetary policy: Reserve Bank cuts repo rate by 25 bps to 6%

The Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points to 6 per cent in the first bi-monthly monetary policy meet of the financial year (FY) 2019-20. It was the first back-to-back rate cut by the central bank since the Monetary Policy Committee (MPC) was formed in late 2016. READ MORE

12:11 PM

Full text: RBI cuts repo rate to 6%, cuts GDP forecast for FY20 to 7.2%

The Reserve Bank of India cut the key policy rate by 25 basis points to 6 per cent in order to boost private investments and support domestic growth. Four out of six MPC members voted for a 25 basis points cut, while two called for it to remain unchanged. Five of them called for the policy stance to remain “neutral” while one MPC member voted for it to be changed to “accommodative”. READ MORE

12:07 PM

RBI policy outcome: Nifty Private Bank index is trading 0.30 per cent lower

12:04 PM

RBI policy outcome: Nifty PSU Bank index slips 0.34 per cent