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Business Standard
2 days ago
- Business
- Business Standard
RBI MPC decision to maintain status quo on the policy repo rate will boost India's growth despite tariff related volatilities, says PHDCCI
RBI maintains status quo on policy repo rate at 5.5%, driven by strong economic fundamentals, softening inflation, robust domestic demand and government capex. We appreciate the RBI MPC decision to maintain status quo on the policy repo rate at 5.5%. This will boost Indias growth despite tariff related volatilities, said Mr. Hemant Jain, President, RBI decision will maintain the standing deposit facility (SDF) rate at 5.25%, and the marginal standing facility (MSF) rate and the Bank Rate at 5.75%, he said. The MPC has decided to maintain the neutral monetary policy stance driven by strong domestic economic conditions, he said. Real GDP growth for FY 2025-26 is projected at 6.5%, and CPI inflation at 3.1%, he forward, India will continue to grow resiliently and robustly, supported by strong macroeconomic fundamentals and price, financial and political stability, said Mr Jain.
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Business Standard
3 days ago
- Business
- Business Standard
Smallcap, midcap stocks dip; here's why broader markets are down
Stock Market today: Broader markets witnessed a decline on Wednesday after Reserve Bank of India (RBI) governor Sanjay Malhotra's rate pause decision failed to impress D-street investors. The RBI MPC maintained the repo rate at 5.5 per cent and retained a 'neutral' policy stance. At 10:40 AM, Nifty Midcap 100 was trading at 56,688.75, down by 0.91 per cent. Coforge, BHEL, Prestige Estates, Bharti Hexacom and Housing and Urban Development Corp. (Hudco) were among the top laggards from Nifty Midcap. Nifty Smallcap experienced a sharper drop, down by 1.07 per cent, quoting 17,674. The index was dragged by Redington, Reliance Power, Kaynes tech, PG Electroplast and Piramal Pharma. Meanwhile, BSE Sensex was trading at 80,526.68 level, down by 184 points or 0.23 per cent. Whereas, Nifty50 was trading at 24,570.35 level, down by 79 points or 0.32 per cent. All sectoral indices were trading in red as investor sentiment remained jittery post the RBI's interest rate decision. Nifty Realty was the worst-performing index, down by 2.34 per cent, trading at 886 level. Nifty IT followed suit and was down by 1.53 per cent, trading at 34,497 level. Meanwhile, Nifty Bank was down by just 0.16 per cent, quoting 55,270 level. Track Stock Market LIVE Updates Here's why broader markets are trading lower today: RBI pulls breaks Despite the RBI's rate pause decision being largely in line with D-Street expectations, broader markets were trading in the red. Analysts noted that the central bank's move was more of a non-event for the markets, with uncertainty surrounding tariffs having a greater impact on investor sentiment. On top of this, the GDP growth projection for FY26 now stands at 6.5 per cent, slightly lower than the previous estimate of 6.7 per cent. "(RBI's rate stance) This cautious approach reflects concerns over global trade uncertainties, particularly the US's 25 per cent tariffs on Indian exports. This policy decision is largely a non-event for markets, which are now expected to shift focus to U.S. tariff impacts, upcoming U.S. economic data, and foreign institutional investor (FII) flows," said Santosh Meena, head of research at Swastika Investmart. Trump tariff Uncertainty Besides the RBI's rate pause decision, what is adding to the D-street's nervous sentiment is Trump's recent comments on a tariff hike. The US president has threatened the imposition of "substantially" high tariff rates on Indian imports in the next 24 hours. 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA,' Trump wrote in a social media post. This has further impacted the overall market mood as India, in a worst-case scenario, might face a higher tariff rate as compared to its peer nations, incase a trade deal is not reached between both nations. Inflation risk still looms While inflation levels are well below the central bank's target, Malhotra pointed out that upside risk still lingers owing to geopolitical uncertainty playing in the background, coupled with uneven weather patterns. Moving forward, D-street analysts believe that the RBI's tone will likely remain cautious. "The central bank has rightly highlighted the upside risks to inflation from global crude prices, erratic monsoons, and supply-side uncertainties, even as the domestic macro backdrop remains resilient. With core inflation moderating and economic activity holding up—evident from robust GST collections, credit growth and PMI readings—the RBI is likely to remain data-dependent and cautious," said Sonam Srivastava, founder and fund manager at Wright Research PMS.
Mint
4 days ago
- Business
- Mint
RBI Governor Sanjay Malhotra announces THESE consumer centric moves: re-KYC, Jan Dhan accounts, locker settlement & more
Reserve Bank of India Governor Sanjay Malhotra on August 6 announced three consumer centric decisions along with the monetary policy committee (RBI MPC) outcome today. He added that these are aimed at the interest and welfare of citizens, including those at the bottom of the pyramid. 'Let me underline that for us at RBI, the interest and welfare of the citizens of India is foremost. It is the people of India, including those at the bottom of the pyramid, who are our raison detre, or the reason of our being. In this regard, I have three consumer-centric announcements to make,' Sanjay Malhotra stated. Camps for re-KYC for Jan Dan accounts, micro insurance and pension schemes: As Jan-dhan Scheme completes 10 years, a large number of accounts have fallen due for re-KYC. The banks are organising camps at Panchayat level from 1st July to 30th September, in an endeavour to provide services at customer doorsteps. Apart from opening new bank accounts and re-KYC, the camps will focus on micro insurance and pension schemes for financial inclusion and customer grievance redress. As Jan-dhan Scheme completes 10 years, a large number of accounts have fallen due for re-KYC. The banks are organising camps at Panchayat level from 1st July to 30th September, in an endeavour to provide services at customer doorsteps. Apart from opening new bank accounts and re-KYC, the camps will focus on micro insurance and pension schemes for financial inclusion and customer grievance redress. Settlement of account claims, locker items for deceased family: RBI to standardise claim settlement in respect of accounts and articles kept in bank lockers. Governor Sanjay Malhotra said, 'Wwe will be standardising the procedure for settlement of claims in respect of bank accounts, and articles kept in safe custody or safe deposit lockers of deceased bank customers. This is expected to make settlement more convenient and simpler.' RBI to standardise claim settlement in respect of accounts and articles kept in bank lockers. Governor Sanjay Malhotra said, 'Wwe will be standardising the procedure for settlement of claims in respect of bank accounts, and articles kept in safe custody or safe deposit lockers of deceased bank customers. This is expected to make settlement more convenient and simpler.' RBI Retail-Direct platform expansion: Malhotra said that the RBI is expanding functionality in RBI Retail-Direct platform to enable retail investors to invest in treasury bills through systematic investment plans. RBI Governor Sanjay Malhotra on August 6 announced that the central bank's monetary policy committee meet has decided to keep repo rates unchanged at 5.50 per cent. Further, the policy stance will also remain unchanged as 'Neutral', he added. With regard to inflation forecast, the governor lowered the projection to 3.1 per cent from the earlier estimate of 3.7 per cent for the current financial year. The decision comes as the central bank has already frontloaded easing through both a rate cut and a 100 basis points (bps) CRR reduction earlier this year. Headed by Sanjay Malhotra, this is the RBI's third bi-monthly monetary policy of FY26, which met from August 4 to August 6. The MPC consists of three RBI officials -- Sanjay Malhotra (Governor), Poonam Gupta (Deputy Governor), Rajiv Ranjan (Executive Director) -- and three external members -- Nagesh Kumar (Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi), Saugata Bhattacharya (Economist), and Ram Singh (Director, Delhi School of Economics).
News18
4 days ago
- Business
- News18
Stock Market Today: Sensex Rises 73 Points, Nifty Trades Above 24,650 In Opening Trade
Last Updated: The BSE Sensex rises by 73.2 points to close at 80,781.25 in the opening trade, while the NSE Nifty is trading marginally higher by 11.2 points to trade at 24,661.31. Sensex Today. The domestic equities market on Wednesday opened in green marginally ahead of the RBI MPC policy. The BSE Sensex rose by 73.2 points to close at 80,781.25 in the opening trade, while the NSE Nifty was trading marginally higher by 11.2 points to trade at 24,661.31. Among the 30 companies on Sensex, 19 stocks were trading in green. Among the top gainers were Adani Ports, Trent, Bharti Airtel, Kotak Mahindra Bank, and BEL rising by up to 1.72%. On the other hand, among the laggards were Sun Pharma, Infosys, Eternal, HCL Tech, and Tech Mahindra. In the broader markets, the midcap and smallcap indices were also down by 0.17% and 0.30%, respectively. Slippage past 24670 rendered the trend sideways yesterday. Despite bargain hunting lifting Nifty later in the day, momentum failed to sustain. 'Not surprisingly, only about 43% of Nifty 500 constituents closed above their respective VWAP signalling a negative bias. Yet, we believe that the 24450-24850 band needs to be broken for directional trades to emerge, with 24540-727 seen as a sideways range," said Anand James, chief market strategist of Geojit Investments Ltd. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
4 days ago
- Business
- News18
Stocks To Watch Today: Airtel, Britannia, NCC, Gland Pharma, Bajaj Auto, Trent In Focus On August 6
Last Updated: The GIFT Nifty Futures are trading 39 points lower at 24,700.5, indicating a weak start. Here're the stocks to watch today: Stocks To Watch Today, August 6: After a weak session, the Indian stock markets are bracing for another session on Wednesday. The session will react to corporate earnings, global cues and the RBI MPC meeting outcome today. The GIFT Nifty Futures are trading 39 points lower at 24,700.5, indicating a weak start. Here're the stocks to watch today: Q1 Results Today Several big names are scheduled to release their financial results for the quarter ending June 2025. These include Bajaj Auto, Hero MotoCorp, Divis Laboratories, Trent, Bharat Heavy Electricals (BHEL), Bharat Forge, Fortis Healthcare, Krishna Institute of Medical Sciences, Pidilite Industries, Power Finance Corporation, Blue Star, Jindal Stainless, Bajaj Holdings, PVR Inox, Jyoti CNC Automation, UNO Minda, and TD Power Systems. Quarterly Results Snapshot Lupin reported a 52.1 per cent rise in Q1FY26 net profit to Rs 1,219 crore, compared to Rs 801.3 crore in the same quarter last year. Revenue also climbed 11.9 per cent to Rs 6,268.3 crore. Torrent Power saw a decline of 24.8 per cent in net profit at Rs 731.4 crore for Q1FY26. Revenue dropped 12.5 per cent year-on-year to Rs 7,906.4 crore from Rs 9,033.7 crore. Prestige Estates Projects registered a profit of Rs 292.5 crore for the quarter, up 25.8 per cent over Rs 232.6 crore last year. Revenue rose 23.9 per cent to Rs 2,307.3 crore. Britannia Industries reported a modest 3 per cent growth in profit at Rs 520.1 crore for Q1FY26, with revenue rising 8.8 per cent to Rs 4,622.2 crore. Sheela Foam saw its quarterly profit plunge 83.9 per cent year-on-year to Rs 7.43 crore from Rs 46 crore. Revenue increased marginally to Rs 821.4 crore from Rs 809.8 crore. There were no exceptional gains this time, compared to Rs 30.62 crore in Q1FY25. Lloyds Engineering Works posted a 23.4 per cent drop in Q1FY26 profit to Rs 391.6 crore, despite an 18.4 per cent rise in revenue to Rs 2,263 crore. NCC Ltd reported a consolidated net profit of Rs 192.1 crore, down 8.5 per cent from Rs 209.9 crore a year earlier. Revenue dropped 6.3 per cent to Rs 5,179 crore. Raymond Realty delivered an impressive performance, with profit more than doubling to Rs 16.5 crore in Q1FY26 from Rs 7.4 crore. Revenue jumped 188.7 per cent to Rs 374.4 crore. Other income also surged to Rs 17.5 crore compared to Rs 0.1 crore last year. Container Corporation of India posted a 3.2 per cent rise in net profit at Rs 266.5 crore, while revenue grew 2.4 per cent to Rs 2,153.6 crore. CCL Products reported a 1.4 per cent increase in Q1 profit to Rs 72.4 crore, while revenue surged 36.5 per cent to Rs 1,055.6 crore. Automotive Axles posted a 4.9 per cent year-on-year growth in profit to Rs 35.7 crore, though revenue saw a slight dip of 0.6 per cent to Rs 489.4 crore. Gland Pharma reported a 49.9 per cent jump in Q1FY26 profit to Rs 215.5 crore and a 7.4 per cent rise in revenue to Rs 1,505.6 crore. EIH Ltd reported a steep 63.3 per cent drop in Q1FY26 profit to Rs 33.9 crore from Rs 92.2 crore last year. However, revenue increased 8.9 per cent to Rs 573.6 crore. Godawari Power and Ispat saw profit fall 24.6 per cent to Rs 216 crore, while revenue declined slightly to Rs 1,323.3 crore from Rs 1,342.5 crore. Gujarat Gas posted a marginal decline in net profit at Rs 327.6 crore versus Rs 330.7 crore a year earlier. Revenue fell 13 per cent to Rs 3,870.9 crore. HG Infra Engineering has received a Letter of Award from the Military Engineer Services (MES) for the development of an integrated material handling facility at the Naval Dockyard in Mumbai, Maharashtra. This infrastructure contract is expected to be a key trigger for the stock. Bulk Deals One97 Communications (Paytm) saw a significant ownership reshuffle as Antfin (Netherlands) Holding BV, backed by Alibaba Group, completely exited the company by offloading its 5.84 per cent stake worth Rs 3,981 crore. Meanwhile, Societe Generale picked up 67.5 lakh shares at Rs 1,067.5 per share, aggregating Rs 720.56 crore. My Asian Opportunities Master Fund also acquired 35 lakh shares for Rs 373.6 crore at the same price. Aditya Infotech saw Invesco Mutual Fund purchase 9.8 lakh shares at Rs 1,023.57 per share, taking the total transaction value to Rs 100.8 crore. Laxmi India Finance witnessed a sell-off by BofA Securities Europe SA, which offloaded 3.54 lakh shares at Rs 141.12 apiece. Block Deals Lloyds Engineering Works was in the spotlight after Thriveni Earthmovers acquired 14.2 lakh shares—representing 0.1 per cent of paid-up equity—at Rs 70.5 per share. The shares were sold by promoter Lloyds Enterprises. IPO Listings Today Three companies — NSDL, M&B Engineering, and Sri Lotus Developers and Realty — will be listed on the mainboard exchanges today. On the SME front, Takyon Networks, B D Industries (Pune), and Mehul Colours are scheduled to debut on August 6. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris More Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. tags : stocks to watch Stocks to watch today view comments Location : New Delhi, India, India First Published: August 06, 2025, 08:34 IST News business » markets Stocks To Watch Today: Airtel, Britannia, NCC, Gland Pharma, Bajaj Auto, Trent In Focus On August 6 Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
