RBI opens the door for interest rate cut. What it means for stock market investors
The Reserve Bank of India changed its policy stance to neutral from withdrawal of accommodation while maintaining the repo rate at 6.5%, hinting at a potential rate cut in the upcoming year. Stock and bond markets responded positively, with significant gains in financial sectors.
Bank stocks, NBFCs rally up to 4% after RBI changes policy stance
Shares of banks and NBFCs went up by as much as 4% after the RBI shifted its policy stance to ‘neutral’. This change hints at a possible rate cut cycle from December. Shriram Finance saw the biggest gain in Nifty, rising over 4%. Other financial stocks also gained significantly, boosting the Sensex by 500 points.
Rate cut unlikely before early next year; wait for GDP Data for further clarity: Ashwini Kumar Tewari
So, hopefully all these factors will continue to remain under control and as we trend downwards towards 4% and as the other central banks have already cut rates, I think we are looking at a situation where the inflation should be under closer to 4% and leading to conditions for a rate cut.
Torrent Power shares zoom 9% on securing 2,000 MW energy storage contracts from MSEDCL
Shares of Torrent Power surged 9% to a 52-week high after signing two letters of award with Maharashtra State Electricity Distribution Company Limited for the long-term supply of 2,000 MW energy storage capacity. The agreements include 1,500 MW energy supply capacity and 500 MW additional storage capacity, with plans for 40-year procurement from a pumped […]
RITES shares rally 8% on signing MoU with Etihad Rail for UAE project
Shares of RITES surged 8% after the company signed an MoU with Etihad Rail to explore railway infrastructure development in the UAE. This partnership aims to enhance connectivity, innovation, and sustainable infrastructure, boosting trade routes and operational efficiency. RITES’ shares have increased by 37% over the past year.
Haryana win proves BJP is not on the back foot; throws open Maharashtra election: Swaminathan Aiyar
Swaminathan Aiyar evaluates the BJP’s success in the Haryana Assembly elections despite a prior general election setback. He emphasizes factors like candidate choice and vote distribution as crucial reasons for the BJP’s win. Aiyar also discusses the broader implications for the BJP, analyzing market reactions, populist promises, and upcoming elections in Maharashtra.
SME IPOs faltering under regulatory scrutiny, but the pain may be worth it
The SME IPO market in India is slowing down due to stricter regulations. Subscriptions and listing gains have declined. The new norms aim to enhance market stability by ensuring only financially strong companies get listed. This shift follows concerns about price manipulation and inflated valuations, aiming to improve the quality of listed companies.
SpiceJet shares jump 8% on settling Rs 1,100 crore dispute with lessors
Shares of SpiceJet surged over 8% after settling a significant ₹1,107 crore dispute with lessors for $22.5 million. This follows the airline’s recent resolution of a $16.7 million dispute with Engine Lease Finance Corporation. SpiceJet is now preparing to expand its fleet and improve financial stability.
ETMarkets Smart Talk: China’s stimulus could attract FIIs, but India’s long-term fundamentals stay strong, says Sachin Bajaj
Over the past year, Nifty50 has delivered a robust 30% return, and mid- and small-cap indices have materially outperformed the large-cap during the same period. This strong performance was on the back of a domestic growth story, good visibility of earnings growth, a stable macro-environment, and resilient flows.
5 FMCG stocks Rajat Sharma is bullish on for near term
So, I think that bit of the pie for listed players will expand. Between the two, I would like to recommend and even try to buy Hyundai post listing. I do not really invest in IPOs, it is a big waste of time. But Hyundai, if you get it at a good price, it is […]