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%.
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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
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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.
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By admin • January 13, 2025 • The National Company Law Tribunal (NCLT), Mumbai, on Wednesday, approved the delisting of ICICI Securities (I-Sec) from the stock exchanges, dismissing the objections raised by minority shareholders Quantum Mutual Fund and Manu Rishi Gupta. The decision is a positive development for ICICI Bank and ICICI Securities, as it sets a precedent for other similar cases currently ongoing in NCLT Ahmedabad and NCLT Delhi.
The minority shareholders have expressed opposition to the share swap ratio proposed for delisting the brokerage. Under the proposed delisting plan, I- Sec shareholders will receive 67 shares of ICICI Bank for every 100 shares they currently hold. Following delisting, ICICI Securities will become a wholly-owned subsidiary of the bank.
The division bench of Justice Virendra Singh G Bisht and a technical member Prabhat Kumar, while approving the scheme in an oral order, also dismissed two applications that objected to the delisting scheme.
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By admin • January 2, 2025 • Oil prices rose slightly on Thursday, holding to gains from the previous session that came amid signs of tighter supply. U.S. West Texas Intermediate crude futures (WTI) rose 17 cents to $78.08 a barrel for the prompt month. The May contract gained 14 cents to $77.45 a barrel by 0150 GMT.
Brent crude for April delivery ticked up 14 cents to $83.17 a barrel, while the May contract added 13 cents, rising to $82.24 a barrel. “The premium of spot prices over near-date futures has been widening over recent weeks, indicating a robust demand outlook in the near term,” ANZ analysts wrote in a note. Oil prices rose 1% on Wednesday, with oil contracts tied to near-term deliveries hitting their highest premium in months.
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By admin • December 27, 2024 • Asian equities slipped to their lowest in more than 11 months on Tuesday, while the dollar wobbled in cautious trading ahead of a slew of economic data that will provide clues to the next steps from the U.S. Federal Reserve.
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MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.28% lower at 473.37, having touched 472.73 – the lowest since November 2022. The index is down 3% for the month and set for its third consecutive month in the red. Japan’s Nikkei fell nearly 1%.
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By admin • December 26, 2024 • The psychedelic music festival that is PSI King’s Sensorium in Psychonauts 2 is a huge location, with multiple smaller sections within a larger map. It’s big and involved, and requires you to drive around a campground to locate PSI King’s five senses to get the band back together. Scattered throughout its many locations are a ton of Figments, emotional baggage, Nuggets of Wisdom, and more Come from Sports betting site VPbet. Here’s a full rundown of everything you can find in the level to increase your intern rank inside the PSI King’s mind.
We’ve got even more Psychonauts 2 coverage and guides, including our rundown of all the collectibles in Loboto’s Labyrinth, Hollis’s Classroom, Hollis’ Hot Streak, Ford’s Follicles, Strike City, Compton’s Cookoff and Tomb of the Sharkophagus. And don’t forget to check out our Psychonauts 2 review.
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By admin • December 26, 2024 • Fans waiting for the second season of The Last of Us might want to get comfortable. Writer-director Craig Mazin said at NAB Show Live in Las Vegas recently that Season 2 is still in the script stage, according to Deadline.
Mazin also confirmed that Season 2 will film in British Columbia, but apart from that, he didn’t share much in the way of specifics. Mazin did, however, tease that there remains “quite a bit of story to tell” and went on say that The Last of Us will continue beyond Season 2 as expected.
“Our plan is to do it not just for one more season,” he said. “We should be around for a while.”
Neil Druckmann, who created the game series and works on the TV show as well, already plainly confirmed that Season 3 is in the works. It is believed that Season 2 will adapt the events of The Last of Us: Part II, but whether or not Season 2 covers the entire game or just some of it remains to be seen. Mazin and Druckmann have said the TV series won’t go beyond the eve…
By admin • December 19, 2024 • In Australia and casino operator Crown Resorts Limited reportedly soon intends to begin offering ‘cashless’ play at its trio of domestic properties while ceasing the use of foreign junket firms.
According to a report from Yahoo Finance, these revelations came from the Chairman for the New South Wales Independent Liquor and Gaming Authority, Philip Crawford, during a press conference to discuss the firm’s progress towards obtaining a gambling license for its new Crown Sydney property.
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Crown Resorts Limited was initially refused a casino license for the $1.5 billion Sydney development in February owing to concerns that it may have been complicit in a slew of money laundering offenses tied to its utilization of junkets. Operators purportedly often partner with such enterprises in order to promote their venues to wealthy overseas gamblers and handle these individuals’ subsequent travel, accommodation and foreign banking or credit needs.
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