News Overview

RBI has raised its inflation and lowered its growth forecast given the global uncertainty looming that will have a dual impact on growth & inflation in FY23.

RBI keeps the rates unchanged and continues with its accommodative stance.

The RBI continues to stay committed to support growth and manage inflation within the targeted benchmarks.

Uflex rose 3.76% to Rs 672.95 after CRISIL Ratings upgraded the long-term and the short-term rating on the bank facilites of the company.

The operative rate was increased by 40bps with the institutionalization of the Standing Deposit Facility

The policy focuses on ensuring robust recovery before accelerating growth levers

Viji Finance Ltd, Ausom Enterprise Ltd, Nakoda Group of Industries Ltd and Suvidhaa Infoserve Ltd are among the other losers in the BSEs B group today, 08 April 2022.

It has reported a growth of 17% sequentially with crude steel production of 0.14 tonnes in Q3FY22.

He expects the 10 year yield to rise to 7-7.25% in H1 FY23

Equity indices extended gains and traded at the days high in mid afternoon trade. All sectoral indices on the NSE traded in the green. The Nifty scaled 17,800 mark. At 14:33 IST, the barometer index, S&P BSE Sensex added 487.22 points or 0.83% at 59,522.65. The Nifty 50 index gained 166.7 points or 0.95% at 17,806.25. The S&P BSE Mid-Cap index added 1.08% while the […]