RBI’s monetary policy prioritises global economic headwinds

Against the backdrop of geopolitical uncertainties and poly-crisis, the 51st RBI Monetary Policy Committee (MPC) has kept the rates “status quo” at 6.5 percent. The poly- crisis includes the tensions in West Asia, energy price volatility, supply chain disruptions, fluctuating oil prices and mounting global inflation. The US Fed Reserve has reduced the rate by 50 bps in September 2024, however, RBI has given relative significance to the global economic headwinds and geopolitical uncertainties while taking the decisions. Read here

Take a look at these key events

Today
National Post Day India
World Sight Day
World Mental Health Day
TCS Q2 results
IDFC Ltd shares to cease trading on merger with IDFC First Bank
Pranik Logistics Limited IPO to open
Garuda Construction IPO to close
RBI to conduct govt bond buyback auction worth Rs 25,000 cr
PM Modi to visit Laos to attend ASEAN-India, East Asia summits
Simlipal National Park in Odisha to reopen
Tesla to reveal Robotaxi
Tomorrow
Durga Ashtami
International Day of the Girl Child
GATE 2025 Registration last day
Rajnath Singh to attend key military conference in Gangtok
All India FIDE Rating Chess Tournament to begin in Mumbai

RBI MPC: Experts pick top 10 rate-sensitive stocks as RBI keeps repo rate unchanged, shifts stance to 'neutral'

The Monetary Policy Committee (MPC) has on October 9 maintained repo rate unchanged at 6.5 percent for the 10th consecutive meeting with 5:1 vote, but unanimously changed the policy stance from 'withdrawal of accommodation' to ‘neutral’, raising the possibility of interest rate cut in the December meeting. Moneycontrol collated a list of top 10 rate sensitive stocks from experts with a 3-4-week perspective. Read more here

Which investors may drive into anchor book of Hyundai India's $3.3-bn IPO?

South Korean auto giant Hyundai Motor Co's Indian arm Hyundai Motor India Limited is all set to shatter the previous record set by LIC and launch the country's biggest ever initial public offer (IPO) next week. At the higher end of the targeted valuation range of $19 billion, the issue, which involves a pure OFS or offer for sale by the parent (which will dilute 17.5 percent stake ), is looking to raise $3.3 billion or around Rs 27,856 crore, multiple people in the know told Moneycontrol on the condition of anonymity. In comparison, the state-run insurer raised $2.7 billion in 2022. So, which investors are likely to participate in the anchor book of this IPO? Read here

How to invest in stocks via SIP using your demat account

Whether you’re new to investing or want to take a more steady, disciplined approach, stock SIPs can help you build wealth over time without the stress. In this guide, we’ll walk you through everything you need to know to get started with stock SIPs using your Demat account.

PlayStation announces Pulse Explore and Elite wireless gaming headsets

PlayStation India has launched its new wireless audio products, the Pulse Explore wireless earbuds and Pulse Elite wireless headset in India. The new gaming audio products from the company are aimed at offering enhanced and immersive listening experience to users whether they are playing games, watching content or simply listening to music. Price, features and more

How to tell if a luxury handbag is fake, expert with 20 years of experience reveals

Koyaana Redstar, the head of luxury buying at Luxe Du Jour, an online boutique specialising in vintage designer handbags, has shared key tips for identifying genuine luxury bags. With 20 years of experience in the resale industry, Redstar tells about her methods for spotting authentic items from high-end brands such as Chanel, Louis Vuitton, Gucci, Hermes, and Fendi.