The index went below the crucial 50 mark.
PS banks need to pull up their socks to improve cash flows.
The rupee is expected to remain under pressure in the near term, given the strengthening of the dollar against major global currencies and widening of the trade deficit.
The industry urged the central bank to consider a rate even before the next monetary policy review on July 30.
Application deadline may be extended but no leeway on priority-sector targets.
The central bank has lowered its policy rate twice so far in 2015.
SBI was the top gainer in the Sensex pack, rallying over 10 per cent, followed by Kotak Bank, Dr Reddy's, UltraTech Cement, ITC and HDFC Bank. On the other hand, Axis Bank, Bharti Airtel, ICICI Bank, Maruti and HCL Tech were among the laggards.
India Inc has pitched for rate cut to boost economic activities.
Though valuations have moderated, they are still above average.
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.
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The repo rate continues to be at 8 per cent while the cash reserve ratio has also been retained at 4 per cent despite inflation based on the Wholesale Price Index coming down to a 5-year low of 1.77 per cent in October.
Reliance Industries (RIL) was the top-performing index stock on Friday (May 26) and closed the day with gains of 2.8 per cent, against a 1 per cent rise in the benchmark S&P BSE Sensex during the day. RIL's performance on the bourses on Friday was, however, an exception, and the stock has struggled to beat the broader market for nearly two years now. The company's share price is currently at the same level as in September 2021, while the benchmark index is up 6 per cent in the period.
Business houses expect rate cut in next RBI policy.
The government's ambitious gold deposit scheme can succeed only if depositors are paid a higher interest rate.
Real estate loans could become NPAs for banks.
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
RBI is closely monitoring monsoon.
The repo rate, at which RBI lends to the banking system, will be at 7.5%
Most analysts have downgraded the stock of SBI Cards and Payments (SBI Card) as the credit card issuer posted weak results during the December quarter (Q3) of financial year 2023-24 (FY24). The sub-par show, analysts said, was for the eighth straight quarter. With this, they have slashed their earnings estimates by as much as 20 per cent over FY24-26 amid near-term pressure points in the company's growth outlook.
Observing that MSME sector plays an important role in the growth of the Indian economy, RBI said the restructuring of the borrower account has been extended by further one year to March 31, 2021.
BSE Sensex on Monday closed nearly 34 points higher at 26,350.17 with gains in realty, power, FMCG and oil & gas stocks amid sustained buying by domestic institutional investors.
Corporate houses believe RBI must cut rates to boost investment in the system.
A reading below 50 means contraction in the sector.
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
RBI likely to cut rate early next year.
On the individual front, housing loan rebate on self-occupied property was increased from Rs 1,50,000 to Rs 2,00,000.
'RBI is already late in addressing inflation pressures.'
It may be a 'no-go' for banking licences to large industrial houses.
The Reserve Bank is unlikely to lower the interest rates.
'If we want real democracy, the economy itself will need to be democratised.'
'When you need to revive the economy, when you need to revive aggregate demand, you cut taxes.' 'But what's this government doing?' 'It's increasing taxes for the middle class and the vast majority of the poor on fuel, which has a ratchet effect on most other products.'
Get a new QR code from an alternative provider. PhonePe, Google Pay, Pine Labs, etc are some of the other service providers.
Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session
Investors' confidence has been revived in recent weeks on the likelihood the elections will usher in a new government.
India imported 967 tonnes of gold in 2014-15.
The IL&FS management is also talking to its second-largest shareholder, Orix Corporation of Japan, to infuse more funds into the company - in case any shareholder backs out during the rights issue.
Most say a rate cut could come in RBI's June policy.
CRR remains unchanged at 4%; first repo rate cut since May 2013.
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