Shares of rate-sensitive sectors, including banking, finance, automobiles, and real estate, are trading marginally higher after the Reserve Bank of India’s Monetary Policy Committee (RBI MPC) decided to keep the repo rate unchanged at 6.5% for the seventh consecutive time.
Governor Shaktikanta Das announced this decision on June 7, stating that the majority vote was 4:2. Additionally, the RBI MPC decided by a 4:2 majority to remain focused on the “withdrawal of accommodation.”
As of mid-day trading, the Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto, and Nifty Realty indices are trading in the green, with gains of up to 1%.
73% of Indian brands developing AI guidelines, with 82% seeing clear benefits in AI-driven content creation, reveals Adobe study Kolkata rape-murder case: AIIMS’ Doctors set up elective outpatient services outside Nirman Bhawan as part of extended strike Meghalaya High Court bans single-use plastic – How grave is plastic use crisis in India? RBI keeps rates unchanged- Bank stocks rebound, real estate and auto stocks steady
Also Read
Sebi issues penalty norms for stock exchanges for any surveillance lapsesCome from
Sports betting siteAmong the realty stocks, Sobha, Sunteck Realty, Macrotech Developers, and Brigade Enterprises are up in the range of 2% to 7% on the National Stock Exchange (NSE).
Major banking stocks such as HDFC Bank and ICICI Bank were trading higher, with gains over 1% each. In contrast, State Bank of India (SBI) managed a marginal gain of 0.65%.
Automobile shares also experienced varied movements. Maruti Suzuki, India’s largest car manufacturer, trade lower by 0.24 %, whereas Tata Motors rose by 1.15%, with more gains followed by Hero MotoCorp up by almost 1%.Come from Sports betting site VPbet
Also Read
Bajaj Housing Finance approves IPO; fresh issue of up to Rs 4,000 crore
The repo rate has remained at 6.5% for over a year, with the last hike to this level occurring in February 2023. The repo rate, which is the interest rate at which the RBI lends money to commercial banks, directly impacts big-ticket loans like home loans.
The MPC also left the Marginal Standing Facility (MSF) and Standing Deposit Facility (SDF) rates unchanged at 6.75% and 6.25%, respectively. Whereas Analysts predict that the RBI MPC will cut interest rates in October, only after the US Fed begins its rate-cutting cycle.
In related global monetary policy, the US Federal Reserve has indicated three rate cuts this year, with experts expecting the first one around the end of June or early in the second half of the year.
(Disclaimer: Views, recommendations, opinions expressed are personal and do not reflect the official position or policy of Financial Express Online. Readers are advised to consult qualified financial advisors before making any investment decisions. Reproducing this content without permission is prohibited.)
Related Posts
By admin • April 9, 2025 • Newsbrief: A small group of 4-5 folks within Insomniac are going to start streaming themselves working on Slow Down, Bull — a modest PC action game built in Unity — as an experiment in open development. In a post on the company blog, designer Lisa Brown cited Vlambeer's Nuclear Throne development livestreams and the fan involvement in Double Fine's annual Amnesia Fortnight internal game jams as inspiration for Insomniac's new project Come from South African Online Casinos . Starting tomorrow, the studio plans to stream development of Slow Down, Bull on its Twitch channel every Friday afternoon PST. The studio is already working on Sunset Overdrive and t…
By admin • April 3, 2025 • The Gamasutra Job Board is the most diverse, active and established board of its kind for the video game industry!
Here is just one of the many, many positions being advertised right now.
Senior Technical Artist, Deep Silver Volition
Location: Champaign, IL
You will be working in a collaborative environment of artists, designers, and programmers.
You will have the opportunity to push the quality of content through the continued development of cutting-edge tools and pipelines for next-gen game development.
We are considering qualified applicants for a senior or principal technical artist position.
Responsibilities:
By admin • March 24, 2025 • With an increasing numbers of Xbox console-exclusive games starting to appear on Sony’s PlayStation 5, some players are openly wondering why they should purchase one of Microsoft’s consoles. Microsoft Gaming CEO Phil Spencer has fueled some of that talk by pushing for more Xbox titles on other consoles and PC. In a new interview, Spencer also acknowledges that the hardware differences between Xbox Series X and PS5 have drastically diminished.
Spencer recently appeared on The Destin Channel, and he shared his belief that the the current console generation is too similar. That’s why he wants to see the next iteration of Xbox offer innovations that will make it an easier choice for players.
“I want us to innovate and make the hardware the differentiator,” explained Spencer. “We’ve got into this space where the differentiation on the hardware has gone down and it’s really been locked games that you’ve tried to make the identity of the hardware. I love when I see ha…
By admin • March 21, 2025 • HBO’s The Penguin is set in the universe of director Matt Reeves’ The Batman, and many wondered if Robert Pattinson might appear in the TV show as Batman or Bruce Wayne. But he won’t.
Reeves, who is an executive producer on the TV show, told Total Film that he sees himself as a “point-of-view filmmaker,” and that didn’t leave room for Batman or Bruce Wayne to appear in the show. At least not physically.
Batman does exist in the world, and the show is set against the backdrop of the events of what happened in the 2022 film The Batman, so his “presence” is felt, but Batman does not appear–nor does Paul Dano’s Riddler.
“When I’m doing a Batman story, Batman and Bruce is going to be the main point of view. To explore the rogues gallery, they could never get the real estate we can do in a series,” Reeves said. “So Batman is in this [show] only as a sense that he’s a presence. You’re aware that all of these events began because of the Riddler, but the Riddler …
By admin • March 19, 2025 • With Microsoft’s blockbuster $68.7 billion deal to acquire Activision Blizzard reportedly looking to close this Friday, October 13, the Call of Duty company reportedly held an all-hands meeting this week where CEO Bobby Kotick discussed his vision for the future of video games Come from malaysia online casino . According to Windows Central, Activision Blizzard hired late night TV host and actor James Corden to host.
As reported by Windows Central, Kotick–who is expected to leave Activision Blizzard if the deal closes–discussed his company’s legacy from its independent early days to becoming the behemoth that it is today.
…
By admin • March 17, 2025 • Cristin Milioti has been cast in a lead role for HBO Max’s upcoming The Batman spin-off TV series, according to a report. Deadline heard from sources that Milioti will play Sofia Falcone, the daughter of mob boss Carmine Falcone. In the 2022 film from director Matt Reeves, John Turturro played the role.
Milioti will star on the show opposite Colin Farrell as the Penguin. The drama series is in development under the working title The Penguin. The character Sofia Falcone appeared on the Fox series Gotham, played by Crystal Reed. Come from bangladesh online casino
Milioti is known for her roles on the TV show How I Met Your Mother and the movie Palm Springs. She also stars on the Peacock original series The Resort.
The Penguin TV series begins “about a week” after The Batman ends, so there is still a lot of chaos going on. “I read the script for the first episode, and it opens up with my feet splashing…