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RBI policy LIVE: Repo rate unchanged at 4%; FY21 real GDP may shrink 9.5%
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MARKET LIVE | Markets | RBI Policy
SI Reporter |
Last Updated at October 9, 2020 10:26 IST
EVENT HIGHLIGHTS
RBI governor Shaktikanta Das
The benchmark indices fluctuated between gains and losses on Friday as the monetary policy committee (MPC) of the RBI left repo rate unchanged at 4 per cent. RBI Governor Shaktikanta Das said the MPC has decided to continue with the 'accomodative' stance.
The RBI sees FY21 GDP contracting by 9.5 per cent although GDP growth may turn positive in Q4FY21, Das said.
The RBI sees FY21 GDP contracting by 9.5 per cent although GDP growth may turn positive in Q4FY21, Das said.
The S&P BSE Sensex dipped 50 points to 40,140 levels after earlier rising to 40,320 levels. The Nifty50 index, meanwhile, hovered around 11,850-mark. Tata Steel (up 2%), Bharti Airtel, Larsen & Toubro, and Mahindra & Mahindra (all up 1%) were the top Sensex gainers. On the other hand, TCS and Reliance Industries slipped 0.7 per cent, each.
Besides, Lakshmi Vilas Bank surged 15 per cent after the bank received an indicative non-binding offer from the Clix Group.
The Nifty sectoral indices were trading largely in the green, led by Nifty Metal index, up 1 per cent.
In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.3 per cent, each.
Results today
Besides, Lakshmi Vilas Bank surged 15 per cent after the bank received an indicative non-binding offer from the Clix Group.
The Nifty sectoral indices were trading largely in the green, led by Nifty Metal index, up 1 per cent.
In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.3 per cent, each.
Results today
A total of five companies including Rashtriya Chemicals & Fertilizers, and Steel Strips Wheels are scheduled to announce their quarterly earnings today.on October 9.
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