Key Highlights: The MPC voted unanimously to increase the policy repo rate by 50 bps to 4.90% Reverse repo rate remains unchanged at 3.35%. Decided to remain focused on withdrawal of accommodation The marginal standing facility (MSF) rate and the Bank rate increased by 50 bps to 5.15…
View on market: Stay Cautious, be with quality business: Stocks in Asia opened steady Tuesday after a jump in Treasury yields capped gains on Wall Street. The yen extended a drop to a 20-year low. Equities in Japan gained as its currency plunged on a widening interest-rate gap.…
NIFTY: Nifty opened at 16469.60 with a gap down of 100 points. The index continued moving lower wit h minor rallies in between which fizzled out quickly and prices have recorded its intraday low at 16347.10.Prices have recorded its intraday high at 16487.25 a few ticks above the…
View on market: Stay Cautious, be with quality business: Stocks in Asia opened steady Tuesday after a jump in Treasury yields capped gains on Wall Street. The yen extended a drop to a 20-year low. Equities in Japan gained as its currency plunged on a widening interest-rate gap.…
NIFTY: Nifty opened at 16530.70 with a gap down of 54 points. The index initially went up but failed to sustain and resume its bearishness to record its intraday low at 16444.55.Prices have found strong support there, bounced up and then started a process of consolidation. The…
Larsen & Toubro Limited is a technology, engineering, construction, manufacturing and financial services company. The Company's segments include Infrastructure, which is engaged in engineering and construction of building and factories; Power, which offers solutions for thermal power plants; Metallurgical & Material Handling, which consists of solutions for ferrous…
NIFTY: Nifty opened at 16761.65 with a big gap up of 133 points. The index initially consolidated for the first 15 minutes of trading and recorded its intraday high at 16793.85.Prices broke on the downside and started drifting downwards. An attempt to recover failed measurably and prices…
View on market: Stay Cautious, be with quality business: Stocks in Asia fell after a robust U.S. jobs heightened chances for the Federal Reserve to maintain an assertive stance on inflation and rise in oil prices. Equities declined in Japan and Australia. US futures were volatile after the…
NIFTY: Nifty opened at 16481.65 With a gap down of 41 points. The index moved further on the downside and recorded its intraday low at16443.05 within the first five minutes of trading. Prices have bounced up from there and started moving higher. The index recovered very quickly, filled…
View on market: Stay Cautious, be with quality business: Asian shares rose on Friday after US equities snapped a two-day slide ahead of a key jobs report. Stocks gained in Japan, Korea and Australia while US futures edged up. Markets are shut in Hong Kong and China. On…