News Overview

Australian share market finished session steep lower on Tuesday, 07 June 2022, after the Reserve Bank of Australia surprised markets by lifting the official cash rate by a bigger-than-expected 50 bps and flagged more tightening to come in a bid to contain inflationary pressure. The Reserve Bank of Australia (RBA) lifted its cash rate by a bigger-than-expected 50 basis points to 0.85% At closing bell, […]

Australian share market finished session steep lower on Tuesday, 07 June 2022, after the Reserve Bank of Australia surprised markets by lifting the official cash rate by a bigger-than-expected 50 bps and flagged more tightening to come in a bid to contain inflationary pressure. The Reserve Bank of Australia (RBA) lifted its cash rate by a bigger-than-expected 50 basis points to 0.85% At closing bell, […]

Australian share market finished session steep lower on Tuesday, 07 June 2022, after the Reserve Bank of Australia surprised markets by lifting the official cash rate by a bigger-than-expected 50 bps and flagged more tightening to come in a bid to contain inflationary pressure. The Reserve Bank of Australia (RBA) lifted its cash rate by a bigger-than-expected 50 basis points to 0.85% At closing bell, […]

Japan share market finished session slightly higher on Tuesday, 07 June 2022, with buying interest mounting on the back of the yens depreciation to a two-decade low of 132 range against the dollar which prompted purchases of export-oriented shares as weaker yen boosts their overseas profits when repatriated. At closing bell, the 225-issue Nikkei Stock Average advanced 28.06 points, or 0.1%, to 27,943.95. The broader […]

RBI likely to raise the policy rate by 25 bps while continuing to keep its stance and the CRR rate unchanged

Expect RBI to hike rates by 25-50 bps in June. If the hike is above 50 bps, it may impact homebuyer sentiments, and thus residential sales.

Expect hike of 35-50 basis points in the June policy

Nifty down by 153.2 points; Sensex down by 567.9 points

Reported sales nil

The equity indices ended with major losses on Tuesday. The Nifty ended above the 16,400 mark after hitting the days low of 16,347.10 in early afternoon trade. Selling was wide spread. However, oil & gas shares bucked the trend amid firm crude oil prices. Negative global cues and continuous selling by the FIIs dented sentiment. Investors were also cautious ahead of RBIs policy outcome on […]