At 10:35 AM; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up in the range of 0.10% to 0.90%; while Nifty Auto and Nifty Realty indices slipped up to 0.2%.
RBI Policy: After an initial rate hike of 40 basis points on May 4, the RBI has hiked the repo rate by 50 basis points thrice, on June 8, August 5 and September 30
Stocks to Watch Today: Shares of rate sensitive sectors such as auto, banks, NBFCs and real estate are likely to be in focus owing to the RBI policy announcement on Wednesday.
The RBI's outlook, which will accompany the rates decision, will be an important pointer to future policy moves, said economists
Das will announce the rate decision through a webcast at 10 am in Mumbai on Wednesday, and will address a press conference at 12 pm.
CLOSING BELL: RIL (down 1.45 per cent), Tech M, Dr Reddy's Labs, Bharti Airtel, Axis Bank, and TCS were the top laggards
According to experts, after three consecutive 50 basis point rate hikes, the RBI may decide to reduce the rate increase by 25 to 35 basis points for lending rates
Equity markets have started the last month of 2022 at record high levels as renewed buying by FIIs, and hopes of moderation in rate hikes boosted sentiment. What factors will guide this trading week?
On a year-on-year (YoY) basis, spends were up over 25 per cent, despite a high base
Four of the 10 cities in the index recorded sequential contraction, the others posted expansion
Swap rates decline post fall in US, India inflation
The asset reconstruction business is in for a big change, but there are doubts if this will lead to better results
A candidate can be appointed for 5 years initially, extendable for another five years; this is also applicable for executive directors who are also wholetime directors
The government may avoid incremental borrowing via the bills and only borrow to meet its previous repayment needs in the next quarter
The new norms succinctly sum up the RBI's view on how some of the ARCs have been run
The latest decline in the reserves was primarily on account of a fall in the RBI's gold reserves, which fell by $705 million to 37.06 billion
ESMA has this week said Indian clearing corporations will not be recognised as such in Europe because "no cooperation arrangements" could be signed between it and the Indian regulators
Reserve Bank of India, the nation's debt manager, is preparing to sell its first ever batch of sovereign green bonds as early as next month, according to people with knowledge of the matter
India's local city governments must consider issuing municipal bonds to meet their funding requirements as the demand to ramp-up infrastructure in the Asia's third-largest economy grows
The reserves had increased by 100 tonnes in the last two years; currently stand at 785.35 tonnes