The CPI inflation projection has been revised upwards to 5.1-4.7 per cent for the second half of the financial year 2019-20 and 4.0-3.8 per cent for the first half of 2020-21
All that happened in the markets today
In the past two months, the stock has rallied 57 per cent after its net profit more-than-doubled to Rs 194 crore in the September quarter (Q2FY20) on the back of strong revenue growth.
Most leading economists and research houses expected the central bank to cut rates for the sixth time in a row in its fifth bi-monthly monetary policy meeting of the FY20 on Thursday.
Recently, analysts at CLSA too had forecast a similar growth rate (of 5 per cent) for the Indian economy in FY20 with risks to the downside.
Commodity outlook 2019 for gold, crude oil and rupee
In the past four trading days, the stock has rallied 12 per cent, as compared to less than 1 per cent rise in the S&P BSE Sensex
Betting big on the bulls
The RBI said the monetary transmission has been "full and reasonably swift across various money market segments and the private corporate bond market".
CPPIB plans to put 33 per cent of its funds in emerging markets by 2025
Consequently, the reverse repo rate stands unchanged at 4.90 per cent.
At 12:25 pm, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Auto indices were down in the range of 1 per cent to 2 per cent on the National Stock Exchange.
The Nifty Bank has seen a sharp rally from 27,750 to 32,150 levels in the last 33 sessions. It witnessed one session of a "gap-up" close, whose range of 30,860 - 30,789 is not even filled
The floor price for the sale has been set at Rs 3,170 per equity share. The share-sale is being undertaken by the promoter for achieving the minimum public shareholding in the company
Gayatri Projects hit a multi-year low level of Rs 56.90 on November 25, 2019 after continued fall in share prices following invocation of pledged shares by lenders
The stock has outpaced the market by surging 15 per cent from its recent low of Rs 142, touched on November 22. In comparison, the S&P BSE Sensex was up 1 per cent during the same period.
Last month Moody's Investor Service had downgraded the company's outlook to 'negative' along with 5 other financial companies including State bank of India, HDFC Bank, and Export-Import Bank of India
Hero MotoCorp, Mahindra & Mahindra (M&M), and Tata Motors have slipped in the range of 8-11 per cent over the last one month.
The bank's Rs 410-crore initial public offering (IPO) was subscribed a whopping 86.89 times last month.
Here's a look at the top stocks that may remain in focus today.