Probably in August. We can argue whether RBI is dovishly neutral or neutrally dovish but the telltale signs of at least one more rate cut are strewn all over the policy statement, points out Tamal Bandyopadhyay.
The banking sector in India is reeling under Rs 8 lakh crore of non performing assets (NPAs) or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
India Inc did not perform well during December quarter.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
SBI was the top gainer after it reported lower-than-expected rise in bad loans
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
One risk of investing in a very low-cost ETF is if a fund house runs it at below cost, it could close it if it fails to attract institutional money
Index heavyweights continue to be top losers with ICICI bank.
The WPI inflation stood at negative 2.4% in May 2015, compared with a negative 2.65% in April 2015.
Top 5 losers include Lupin, Cipla, Sun Pharma, Dr Reddy's Lab and GAIL down 1.6%-11%.
At the BSE, 1,552 stocks advanced, while 1,419 declined and 118 remained unchanged.
The 30-share Sensex ended down 30.30 points at 28,161.72 and the 50-share Nifty dipped 7.95 points at 8,543.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.
The muted CPI inflation print at 5% earlier this week, followed by a similar WPI number released Wednesday, seems to have spurred India's central bank into action, is how the economists are reading into Reserve Bank of India governor Raghuram Rajan's 25 basis point cut in repo rate.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Sensex ended up 41 points at 29,136 and Nifty gained 4 pts to 8,809.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
The shares could continue to see outperformance if the Budget assumptions are proved correct
There will be tough periods in equity investing, but investors should not stop their SIP investments under any circumstance, advises Arnav Pandya.
Markets ended weak tracking the expiry of April derivative contracts.
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
Mid- and small-cap companies seem to have done better than top-tier companies
The Sensex ended in red on domestic concerns.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
Some of Modi's biggest reforms have met with fierce political opposition.
Most Asian markets were trading weak on Monday.
IndusInd Bank was down nearly 1% even after it reported a 21% rise in its fourth-quarter profit
Sensex falls at close; metals, banks perform well.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Investors will keenly watch out for the Futures & Options expiry for July on Thursday
The new Budget would do well to fill up the gaps and pave a strong way forward to ensure that the optimism surrounding it is not short-lived.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
'It is almost four years since we've seen strong growth in earnings.' 'The markets have rallied about 20 per cent in the past year, which is ahead of earnings.' 'So, the stress now will be on earnings to catch up.'
Custodian banks are selling dollars for their foreign fund clients.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
Financials and auto stocks were the top losers while energy and IT shares recovered
