To begin with, we expect the MPC to normalize the repo rate-reverse repo corridor (to 25 bps) over the next 2 meetings, starting with a 20 bps reverse repo rate hike in February.
The direction comes from Commission for Air Quality Management in National Capital Region and Adjoining Areas.
The domestic equity barometers ended with deep cuts after a weak session on Tuesday. After hitting the days low at 17,119.40, the Nifty managed to pare some losses as it closed above the 17,200 mark. Shares across sectors declined with private banks, financials, and FMCG shares losing the most. As per provisional closing data, the barometer index, the S&P BSE Sensex, dropped 1023.63 points or […]
KPR Mill reported a 35.5% rise in consolidated net profit to Rs 211.77 crore on a 35.59% increase in revenue from operations to Rs 1260.48 crore in Q3 FY22 over Q3 FY21.

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