Bankings, Financial Stocks Slip After RBI Policy Decision

Market Closing: Indian share benchmarks – The Sensex & Nifty – ended in losses on Thursday after the RBI announced its policy decision. The RBI’s MPC has slashed the key repo-rate by 25bps for the third repeated time to 5.75pc and changed the stance to Accommodative from the Neutral. On The...

RBI Slashes Repo-Rate By 25bps; Bank Nifty Falls Much

The Banking regulator ReserveBank of India today cut repo rates by 25bps, mainly in line with expectations, as announced on Thursday. The repo-rate i,e the rate at which the CentralBank lends money to banks, now stands reduced by 25bps to 5.75pc. The slash may have come V/s the backdrop of...

Index Trade Flat, Major Stock Movements Today

The Sensex and Nifty started marginally higher in the opening session, and later turned flat during mid-morning session. At around 10.45am, the Sensex stood at 37108.88 down 6 points and the Nifty at 11,153.50 down 3 points. Sun Pharma, Yes bank, Bharti Airtel, Coal India and Eicher Motors were among...

Stock, Commodity And Currency Markets Today

On Wednesday morning, the Indian rupee opened higher by 15ps at 70.29/US dollar, after closing at 70.44/USD. CrudeOil prices also lowered due to a sudden surge in US stock pile. Brent crude oil futures were at USD70.90/bl, down 0.7pc, against it last close which was1.4pc up. US WTI crude futures...

Indices Open Flat, Today’s Market Scenario

After 9-days losing, the Indian stock market indices are trading on flat note on Tuesday. At 9.35am, the BSE benchmark Sensex lower at 37048-level, down 32 points and the Nifty hover at 11,135-level, down 13 points. Sun Pharma, Adani Ports, Vedanta, ICICI bank and Yes Bank were among major gainers on...

PNB Housing Finance reports strong Q4 results, Stock Up

Shares of India’s leading home loan provider PNB Housing Finance Ltd surged over 9pc to hit its share price at intraday high of Rs.764-per share on Friday after the company reported a 51-pc rise in its consolidated net profit at Rs.379.77-crore for Q4FY2019. As per results, its total income during...