Lower repo rate means cheaper loans for homebuyers, auto buyers and businesses RBI’s bigger-than-expected rate cut is its last move for the year, economists say: Reuters poll Reserve Bank of India on June 6 announced reduction in its key repo rate by a larger-than-expected 50 basis points and this means good news for many sectors, including stock…
DetailsBenchmark equity indices rallied for the second consecutive day on Thursday as investors anticipated a rate cut by the Reserve Bank of India (RBI). After gaining over 900 points in the session, the 30-share BSE Sensex succumbed to profit booking to close 443.79 points or 0.55 per cent lower to settle at 81,442.04. As many…
DetailsAnalysts said bullish sentiment remained intact so long as the Nifty stays above the key support level of 24,500. Market participants are now keenly awaiting the Reserve Bank of India’s monetary policy decision due Friday. The domestic equity benchmarks rebounded on Wednesday after three straight sessions of losses, supported by firm global cues and strong…
Details– Nippon India, DSP, and SAMCO introduce new fund offers – Funds aim for tax-efficient returns and exposure to resilient sectors – Investors targeted include those seeking alternatives to traditional investments Baroda BNP Paribas Large & Mid Cap Fund has allocated a significant portion of its portfolio to sectors such as Financial, Services, Technology,…
DetailsAdani Group shares came under pressure on reports of a US probe into alleged Iranian LPG imports in violation of sanctions Shares of Adani Group faced renewed pressure on reports that US prosecutors are probing Billionaire Gautam Adani’s conglomerate for violating sanctions by importing liquefied petroleum gas from Iran. The flagship firm Adani Enterprises fell as…
DetailsBSE was among the most active counters (in terms of value) today as around 1.10 crore shares worth Rs 2,964.46 crore changed hands on National Stock Exchange (NSE). Shares of BSE Ltd continued their upward move for the third straight session on Monday, rising 2.28 per cent to hit an all-time high of Rs 2,735.20. The…
DetailsThe report noted that commercial banks’ credit growth slowed to 9.8 per cent as of May 16, 2025, against last year’s growth of 19.5 per cent. RBI’s rate-setting panel Monetary Policy Committee (MPC) will start deliberations on the next bi-monthly monetary policy on June 4 and announce the decision on June 6 The Reserve Bank…
DetailsDefence mutual funds have emerged as the hottest theme on BSE and NSE, delivering up to 60% returns in just three months. Backed by record defence exports, strong government orders, and rising geopolitical tensions, investors’ interests have soared. With strong government backing and escalating geopolitical tensions, India’s defence sector has emerged as a standout…
DetailsAnalysts said the Nifty continues to trade within a narrow band and a decisive move beyond the 24,700–24,800 zone is likely to set the tone for the next directional move. Sensex, Nifty closed lower in a range-bound trade on Friday. The equity benchmarks ended lower on Friday in a range-bound trade, weighed down by losses…
DetailsNominal GDP surged by 9.8% over the previous year, reaching ₹330.68 lakh crore, while real GDP at constant prices touched ₹187.97 lakh crore. The fourth quarter alone saw nominal GDP jump 10.8% to ₹88.18 lakh crore. India’s economy clocked a 6.5% growth in real GDP for FY 2024-25, according to provisional estimates released by…
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