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Business Standard
2 hours ago
- Business Standard
RBI repo rate cuts alone can't shift India's economic growth gear
Clearly, it is not for the RBI and its monetary policy committee (MPC) to fix any of these deep structural issues and magically create growth premium Debashis Basu Listen to This Article On June 6, the Reserve Bank of India (RBI) surprised the markets — it sliced the repo rate by 50 basis points (bps) to 5.5 per cent and cut the cash reserve ratio (CRR) by 100 bps, phased over four 25-bp tranches from September to November. The move, expected to inject ₹2.5 trillion ($30 billion) into the system, briefly lifted spirits: The Nifty index climbed 1 per cent that day, with a modest gain the day after. However, by the end of the week, the index had slumped below its pre-cut level. The rate cut is a sideshow. With the
Time of India
3 hours ago
- Time of India
Indian stock market: Oil, tariff tensions and geopolitical conflict; what will guide stock market in upcoming week
Indian stock investors will remain focused this week on rising tensions between Iran and Israel, movements in Brent crude oil, inflation data, and the US Federal Reserve's interest rate decision for fresh cues. Experts also pointed out that any tariff-related developments could steer equity market trends. Last week, markets tumbled down amid heightened volatility and ended lower, as escalating geopolitical tensions triggered a wave of risk aversion. Investor sentiment took a hit amid surging oil prices, reigniting concerns over potential supply disruptions. 'Indian stock markets are likely to follow the global trend, following rising tension in the Middle East amid the Israel-Iran conflict, which could fuel further pessimism and prompt investors to flee riskier assets,' said Ketan Vikam, head of sales at Almondz Institutional Equities. 'Also, traders will exercise caution ahead of the US Federal Reserve interest rate decision on Wednesday, coupled with other central banks of Japan and the UK announcing their interest rates separately,' PTI quoted. Equity indices ended lower last week, with Sensex dropping 1,070 points or 1.30 per cent and the Nifty shedding 284 points or 1.13 per cent. On Friday alone, both benchmarks fell nearly 1 per cent amid surging oil prices and weak global cues, reflecting a sharp turn in investor sentiment. 'Looking ahead, investors are expected to remain cautious amid premium valuations and geopolitical risks. All eyes are now on the upcoming US Fed meeting,' said Vinod Nair, head of research at Geojit Financial Services. 'The Fed's commentary and economic projections will be closely scrutinised for future policy cues.' The focus will also remain on domestic factors such as wholesale inflation data, monsoon progress, crude oil price trends, and foreign investor activity. 'Markets are likely to remain volatile amid ongoing geopolitical uncertainty and crucial central bank meetings,' said Ajit Mishra, SVP of research at Religare Broking Ltd. 'The US Federal Reserve's upcoming policy decision will be closely tracked, as market participants look for clarity on the timing and magnitude of potential rate cuts, especially in light of mixed economic signals.' Siddhartha Khemka, head of research at Motilal Oswal Financial Services, added, 'Overall, we expect the market to remain subdued on the back of weak global cues, while industry-specific news flows would continue to drive sectoral movements.' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hans India
3 hours ago
- Hans India
ABB India and Godrej Properties: Stock recommendations for June 16
ICICI Securities' Vice President Dharmesh Shah has recommended investors consider buying ABB India and Godrej Properties shares on Monday, June 16, citing favorable technical setups and medium-term potential. This comes in the wake of a volatile trading week, where equity benchmarks witnessed a notable drop. On Friday, the Sensex fell 573 points to close at 81,118.60, while the Nifty 50 declined by 169.60 points, ending at 24,718.60. The downturn was driven by heightened geopolitical tensions after Israel's strike on Iran, which spooked markets globally and pushed Brent crude oil prices up by 18%. Despite the weak sentiment, Shah remains optimistic, predicting that the Nifty will hold the 24,500 support level. He advises using any further dip as an opportunity to accumulate quality stocks. Stock Recommendations for June 16: ABB India Buy Range: ₹5,950–₹6,130 Target Price: ₹6,860 Stop Loss: ₹5,648 Godrej Properties Buy Range: ₹2,350–₹2,470 Target Price: ₹2,748 Stop Loss: ₹2,218 Shah highlighted that despite global uncertainty, market internals remain strong. Notably, 55% of stocks are trading above their 200-day simple moving averages, indicating improving breadth. He adds that the midcap index remains resilient, undergoing only mild corrections despite a 28% rally since April. While volatility may persist due to geopolitical developments and upcoming US Fed policy updates, Shah expects markets to stabilize. Historically, similar geopolitical shocks have led to medium-term rebounds in Indian equities. Disclaimer: We strongly advise investors to consult with certified experts before making any investment decisions
