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?  

Indian Indices Trade on a Volatile Note; RBI Cuts Repo Rate by 40 bps
Fri, 22 May 10:30 am | Monish Vora, TM Team

Share markets in India have extended early losses and are presently trading on a volatile note.

Benchmark indices edged lower today even after the Reserve Bank of India (RBI) slashed repo rate by 40 basis points (bps) to 4% and maintained the stance 'accommodative'.

Consequently, reverse repo rate now stands at 3.35% from 3.75% earlier.

Selling pressure is also seen as RBI Governor Shaktikanta Das said the GDP growth in FY21 is expected to be in negative territory.

The RBI also announced a three-month moratorium for all term loan repayments between March 1 and May 31.

--- Advertisement ---
A One Stock Gift in 1990 is Now Worth Rs 130 Crores. Here's The Full Story...

In 2017, Ravi made headlines by calling a leading business news channel with a surprising announcement - his grandfather had left him 20,000 shares of only one stock.

And on the day of his call - these shares were worth Rs 130 crore.

Can you guess which is this company?

It's MRF.

Ravi's story is one of the amazing stories of becoming Crorepati from a single stock.

But the question is, how to find that one stock that could make one a crorepati?

To find the answer to this million-dollar question, join our 'One Stock Crorepati' MEGA summit on 17th July, where we will reveal details of what we call a 'crorepati' stock...

Register NOW and Block Your 'Crorepati' Seat...
------------------------------

In March, the RBI governor had announced several measures to ease liquidity pressure in the banking system and to boost the economy from the coronavirus shock, including a sharp 75 basis points rate cut in March.

The BSE Sensex is trading down by 394 points, down 1.1%, while the NSE Nifty is trading down by 112 points.

Shares of HDFC and ICICI Bank fell over 4%, while Axis Bank, Bajaj Finance, and Tata Steel are trading down by 3%.

Barring IT stocks, all sectoral indices are trading in red with stocks in the banking sector, metal sector, and finance sector witnessing most of the selling pressure.

More details to follow in the upcoming commentary.

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


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Indian Indices Trade on a Volatile Note; RBI Cuts Repo Rate by 40 bps". Click here!

  

Stock Market Updates

GRANULES INDIA at All Time High; BSE HEALTHCARE Index Up 0.6% (Today's Market)

Jul 9, 2020 03:22 PM

GRANULES INDIA share price has hit an all time high at Rs 226 (up 7.4%). The BSE HEALTHCARE Index is up by 0.6%. Among the top gainers in the BSE HEALTHCARE Index today are GRANULES INDIA (up 7.4%) and SANOFI INDIA (up 1.2%). The top losers include ALKEM LABORATORIES and FORTIS HEALTHCARE .

SUNTECK REALTY Share Price Up by 5%; BSE REALTY Index Up 0.4% (Today's Market)

Jul 9, 2020 03:14 PM

SUNTECK REALTY share price is trading up by 5% and its current market price is Rs 192. The BSE REALTY is up by 0.4%. The top gainers in the BSE REALTY Index is SUNTECK REALTY (up 5.1%). The top losers are PRESTIGE ESTATES (down 0.1%) and SOBHA LIMITED (down 0.5%).

GULF OIL LUBRICANTS Share Price Up by 6%; BSE OIL & GAS Index Up 0.2% (Today's Market)

Jul 9, 2020 01:44 PM

GULF OIL LUBRICANTS share price is trading up by 6% and its current market price is Rs 603. The BSE OIL & GAS is up by 0.2%. The top gainers in the BSE OIL & GAS Index is GULF OIL LUBRICANTS (up 5.6%). The top losers are BPCL (down 0.5%) and INDRAPRASTHA GAS (down 0.7%).

SHRIRAM TRANSPORT Share Price Down by 5%; BSE 500 Index Up 0.6% (Today's Market)

Jul 9, 2020 01:42 PM

SHRIRAM TRANSPORT share price is trading down by 5% and its current market price is Rs 769. The BSE 500 is up by 0.6%. The top gainers in the BSE 500 Index are GRANULES INDIA (up 5.3%) and HINDALCO (up 5.2%). The top losers are SHRIRAM TRANSPORT (down 5.1%) and CENTURY PLYBOARDS (down 5.6%).

SHILPA MEDICARE Share Price Up by 5%; BSE HEALTHCARE Index Up 0.4% (Today's Market)

Jul 9, 2020 12:26 PM

SHILPA MEDICARE share price is trading up by 5% and its current market price is Rs 514. The BSE HEALTHCARE is up by 0.4%. The top gainers in the BSE HEALTHCARE Index are SHILPA MEDICARE (up 5.3%) and GRANULES INDIA (up 5.3%). The top losers are PFIZER and ABBOTT INDIA (down 0.1%).

Sensex, Nifty Extend Gains; Bajaj Finance & Tata Steel Surge Over 4% (Today's Market)

Jul 9, 2020 12:30 pm

The BSE Sensex is trading up by 255 points, while the NSE Nifty is trading up by 73 points.

View More Indian Share Market News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

A Warning for Traders: Don't Get Addicted to Hopium(Fast Profits Daily)

Jun 30, 2020

If you are a trader, you must watch out for this dangerous addiction.

Smallcaps Are in a Sweet Spot Again: Are You Buying?(Profit Hunter)

Jul 3, 2020

This is why I believe smallcaps are the place to be in the near future.

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Jul 9, 2020 (Close)

MARKET STATS