News Overview

Angel One has allotted 48 equity shares under ESOP on 07 June 2022. With this allotment, the paid up equity share capital stands increased to 8,30,72,169 equity shares of Rs 10 each. Powered by Capital Market – Live News

Massive sell-off in local equities coupled with strength in dollar is seen weighing down the Indian rupee that slipped more than 10 paise to close at 77.78 (provisional) against the US dollar on Tuesday. Persistent foreign capital outflows and elevated global crude oil prices also impacted the domestic unit. At the interbank foreign exchange market, the local currency opened at 77.72 and witnessed an intra-day […]

UK retail sales continued to fall in May as retailers faced tougher trading conditions amid weak consumer demand and soaring inflation, data compiled by the British Retail Consortium and the advisory services firm KPMG, showed. Total retail sales dropped 1.1 percent in May from a year ago and like-for-like sales logged a decline of 1.5 percent. Spending on furniture, home appliances, and computing declined significantly […]

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