X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

RBI Monetary Policy, Capital Infusion in PSBs, and Top Cues in Focus Today
Thu, 6 Jun Pre-Open | Monish Vora, TM Team

Indian share markets ended their trading session on a negative note on Tuesday.

Sectoral indices were trading on a mixed note with IT stocks and healthcare stocks witnessing maximum selling pressure while capital goods stocks and telecom stocks witnessed buying interest.

At the closing bell on Tuesday, the BSE Sensex stood lower by 184 points (down 0.5%) and the NSE Nifty closed down by 70 points (down 0.6%). The BSE Mid Cap index and the BSE Small Cap index ended lower by 0.2%.

Top Stocks in Focus Today

From the energy sector, market participants will be tracking BPCL share price and HPCL share price as both these companies have joined in the country's longest LPG pipeline project being laid by state-owned Indian Oil Corporation (IOC) to cater to cooking fuel needs of a fourth of the country's population.

BPCL and HPCL will take 25% stake each in the Rs 90 billion project that involves laying of a pipeline from Kandla to Gorakhpur. IOC will hold the remaining 50% stake.

Reportedly, the pipeline will carry 6 million tonnes per annum of LPG. This will be the longest LPG pipeline in the country.

--- Advertisement ---
Are You Ready to Profit From Small Caps On A Rebound Post Modi's Victory?

Post Modi's victory…or rather, right after the exit poll results were out…many small cap stocks that were down earlier started on their rebound path.

But not all of these small cap stocks are good. And not all will continue to rise in the long run.

Finding the right small cap companies to benefit from in the long run requires a proven and effective strategy.

And we not only possess the strategy, but also 4 small companies identified using the same strategy that you could consider investing in.

To get the full details on the 4 stocks and our proven strategy, just click here…
------------------------------

In addition, the pipeline would feed LPG through road-bridging to an additional 21 LPG bottling plants in Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, and Uttar Pradesh.

From the pharma sector, Dr Reddy's Laboratories share price will be in focus today as the company has re-launched its generic Zenatane capsules in the US market.

The company has re-launched the capsules in the strengths of 10 mg, 20 mg, 30 mg and 40 mg.

PSB Shares in Focus

From the banking sector, shares of public sector banks (PSBs) will be in focus today on reports stating that the government may infuse around Rs 400 billion into state-run lenders in 2019-20 as it looks to strengthen their balance sheets to enable them to step up lending.

As per the reports, a plan is being firmed up to help banks expand credit offtake further. This capital will be used to support credit growth and help some weaker banks maintain regulatory norms.

Bank of Baroda share price, PNB share price, and Canara Bank share price witnessed buying interest on the back of the above news and were up in the range of 2-3% on Tuesday.

RBI Monetary Policy Meet

Market participants will be closely tracking the Reserve Bank of India's (RBI) monetary policy today.

The consensus in the markets is that the RBI will cut interest rates as India's economic growth slowed to 5.8% in last quarter of financial year 2019.

Note that India's gross domestic product (GDP) grew 5.8% in January-March, confirming fears of a slowdown, as the new government assumed office amid expectations of a wide-ranging policy impetus to turnaround the economy that is nursing multiple pain points.

Real or inflation-adjusted GDP grew 6.8% in FY19, lower than previous year's 7.2%, data released by the Central Statistics Office (CSO) showed.

This was the slowest growth in GDP since FY15.

The RBI in 2016 adopted an inflation target of 4% (+/-2%) for next five years under the monetary policy framework.

However, since August last year, inflation has stayed below RBI's target of 4%.

Here's what Sarvajeet wrote about it in one of the editions of The 5 Minute WrapUp...

  • In December, CPI-based retail inflation declined to an 18-month low of 2.2%.

    Currently, the RBI's policy stance was 'calibrated tightening'.

    But with the recent inflation data, the MPC may change its monetary stance to 'neutral', even if it does not cut the repo rate.

It would be interesting to see what stance the MPC takes and whether it alters the interest rate today. Meanwhile, we will keep you updated on all the developments from this space. Stay tuned.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "RBI Monetary Policy, Capital Infusion in PSBs, and Top Cues in Focus Today". Click here!

  

Stock Market Updates

SADBHAV ENGINEERING Plunges by 5%; BSE CAPITAL GOODS Index Down 1.2% (Today's Market)

Aug 22, 2019 03:34 PM

SADBHAV ENGINEERING share price has plunged by 5% and its current market price is Rs 123. The BSE CAPITAL GOODS is down by 1.2%. The top gainers in the BSE CAPITAL GOODS Index are BHARAT ELECTRONICS (up 1.8%) and HAVELLS IND (up 1.0%). The top losers are SADBHAV ENGINEERING (down 5.2%) and HEG (down 6.5%).

SUNTECK REALTY Plunges by 5%; BSE REALTY Index Down 6.2% (Today's Market)

Aug 22, 2019 03:34 PM

SUNTECK REALTY share price has plunged by 5% and its current market price is Rs 448. The BSE REALTY is down by 6.2%. The top gainers in the BSE REALTY Index are OMAXE LTD (up 3.0%) and PRESTIGE ESTATES (up 0.4%). The top losers are SUNTECK REALTY (down 5.0%) and OBEROI REALTY (down 5.5%).

SUNTECK REALTY Plunges by 5%; BSE REALTY Index Down 6.2% (Today's Market)

Aug 22, 2019 03:32 PM

SUNTECK REALTY share price has plunged by 5% and its current market price is Rs 448. The BSE REALTY is down by 6.2%. The top gainers in the BSE REALTY Index are OMAXE LTD (up 3.0%) and PRESTIGE ESTATES (up 0.4%). The top losers are SUNTECK REALTY (down 5.0%) and OBEROI REALTY (down 5.5%).

SADBHAV ENGINEERING Plunges by 5%; BSE CAPITAL GOODS Index Down 1.2% (Today's Market)

Aug 22, 2019 03:32 PM

SADBHAV ENGINEERING share price has plunged by 5% and its current market price is Rs 123. The BSE CAPITAL GOODS is down by 1.2%. The top gainers in the BSE CAPITAL GOODS Index are BHARAT ELECTRONICS (up 1.8%) and HAVELLS IND (up 1.0%). The top losers are SADBHAV ENGINEERING (down 5.2%) and HEG (down 6.5%).

BAJAJ FINSERV Plunges by 5%; BSE 500 Index Down 1.7% (Today's Market)

Aug 22, 2019 03:32 PM

BAJAJ FINSERV share price has plunged by 5% and its current market price is Rs 7,185. The BSE 500 is down by 1.7%. The top gainers in the BSE 500 Index are PERSISTENT SYSTEMS (up 3.7%) and PI INDUSTRIES (up 3.1%). The top losers are BAJAJ FINSERV (down 5.3%) and GODFREY PHILLIPS (down 6.2%).

View More Indian Share Market News

Most Popular

This 60-Year Old Smallcap Company Could Be Our Next Recommendation(The 5 Minute Wrapup)

Aug 12, 2019

My experience at the recent AGM of this smallcap company which has financials of any FMCG major.

Interest Rates Are Low. Buy Solid Dividend Stocks Instead(The 5 Minute Wrapup)

Aug 13, 2019

The dividends paid by these stocks are helpful when interest rates are falling.

Smallcaps that Will Outperform in the Market Rebound(Profit Hunter)

Aug 12, 2019

Only These Smallcaps Will Give Historic Returns in the Future.

My Top 3 Dividend Stocks to Buy Now(Profit Hunter)

Aug 19, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

Chandrayaan 2 Heads to the Moon and It's Good News for These Stocks(The 5 Minute Wrapup)

Aug 14, 2019

Why investors should take note of India's advantage as a low cost satellite launcher...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 22, 2019 (Close)

MARKET STATS