"A steady rate ensures consistent repayment terms, which increases the confidence of homebuyers," said Manju Yagnik, vice chairperson of Nahar Group and senior vice president of NAREDCO Maharashtra
Interest rates likely to stay the same for now, but lenders may still adjust terms based on their considerations
The RBI Governor Shaktikanta Das in his MPC announcement said that factors like frequent weather disruptions, geopolitical tensions, and financial market volatility pose significant risks to inflation
Reserve Bank of India Monetary Policy Committee: Food prices likely to keep headline inflation up in the near future
The RBI is expected to revise its growth forecast for the financial year 2024-25 following low Q2 GDP figures
The preceding week ended on a positive note for equity benchmarks. On Friday, the BSE Sensex surged 0.96 per cent to close at 79,802.79, while Nifty also gained 0.91 per cent to settle at 24,131.10
Trading sentiment in the equity market this week will be guided by global trends, foreign fund movement, macroeconomic data announcements and RBI's interest rate decision, analysts said. The monthly auto sales data announcement would also be tracked by investors this week. "Looking ahead, markets are likely to react to the disappointing GDP growth of 5.4 pc on Monday. The upcoming RBI policy will be crucial, with both the interest rate decision and commentary being key focus areas. "On the global front, geopolitical tensions, particularly the Russia-Ukraine situation, remains a concern. Important macroeconomic data such as manufacturing PMI from India, the US, and China, along with US jobs data and Fed Chair Jerome Powell's speech, will also influence market sentiment," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. India's economic growth slowed to near two-year low of 5.4 per cent in the July-September quarter of this fiscal due to poor performance of manufacturi
There is growing evidence of liquidity tightening in the US, Wood said, which raises a near-term risk to equities
RBI's Monetary Policy Committee has kept the repo rate at 6.5% since February 2023. Retail inflation hit a 14-month high in October
The central bank has held interest rates at their highest since early 2019 for the past 10 meetings
Food inflation, which accounts for nearly half of the consumption basket, rose to 9.24 per cent in September, compared to 5.66% a month prior
The industry experts believed that a rate cut would have helped the momentum to continue amid the festive quarter
Uncertainty remains elevated on a number of fronts, not least on the path for food inflation and external tensions
Stock Market Today: GIFT Nifty futures indicated a slightly positive bias for markets at open today.
Realtors' apex body Credai on Wednesday said the RBI should have cut key interest rates to boost housing demand during the current festive season and demanded that the apex bank must consider lowering the repo rate in the next meeting. The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday but took the first step towards a rate cut as it eased its relatively hawkish policy stance to 'neutral'. Credai National President Boman Irani said, "As RBI remains cautious regarding potential inflationary pressures, the central bank's decision to keep the repo rate unchanged at 6.5 per cent - albeit with a revised neutral stance - seems somewhat like a missed opportunity, especially with the festive season around the corner". A rate cut at this juncture would have provided the ideal boost to accelerate consumer demand across industries, he added. Irani expects the central bank to cut rates in the next quarter. Realtors' body Naredco President G Hari Babu suggested t
RBI Monetary Policy Meeting October 2024 highlights: Catch all the latest news updates on RBI's monetary policy announcements here
RBI meeting: RBI maintains status quo on repo rate but changes stance to 'Neutral'; what does it mean for the markets? Experts decode
At 6:34 AM, GIFT Nifty Futures were trading 25 points higher at 25,157, suggesting a flat to positive start for Indian markets.
Stock Market Today: Analysts anticipate a weak Q2FY25, with potential profit dips due to declining refining margins for Reliance Industries.
At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.