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Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

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Dell Technologies

Associate Partners

Kotak Mutual Fund
Pharmeasy
Indiabulls
SBI
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August 06, 2021 / 03:57 PM IST

Closing Bell: Sensex, Nifty end lower even as RBI keeps rates unchanged; IT, auto stocks gain

The midcap and smallcap indices rose 0.2 percent each.

  • IndexPricesChangeChange%
    Sensex57,858.15366.64 +0.64%
    Nifty 5017,277.95128.85 +0.75%
    Nifty Bank37,706.75759.20 +2.05%
    Nifty 50 17,277.95 128.85 (0.75%)
    Tue, Jan 25, 2022
    Biggest GainerPricesChangeChange%
    Maruti Suzuki8,602.60550.30 +6.83%
    Biggest LoserPricesChangeChange%
    Wipro562.70-10.05 -1.75%
    Best SectorPricesChangeChange%
    Nifty PSU Bank2767.10112.50 +4.24%
    Worst SectorPricesChangeChange%
    Nifty IT34707.45-114.15 -0.33%


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  • August 06, 2021 / 03:59 PM IST

    Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments:

    The Nifty took a breather today which is possibly due to the weekend knocking on the doors. The overall trend of the market continues to remain bullish and any dip or correction should be utilized to go long. 16,300 is the short term resistance which was crossed yesterday and today as well. If we can keep above that level, the index should zoom to 16,500-16,600.

  • August 06, 2021 / 03:58 PM IST

    Ashis Biswas, Head of Technical Research at CapitalVia Global Research:

    The market witnessed some lackluster movement and an attempt to hold the support level around the Nifty 50 Index level of 16200. The expected levels of the market are likely to be in the range of 16200 and 16500, and it is going to be crucial for the short-term market scenario to sustain above the 16200 Nifty50 Index level. The momentum indicators like RSI and MACD indicating a positive outlook to continue.

  • August 06, 2021 / 03:37 PM IST

    Rupee Close: 

    Indian rupee ended flat at 74.15 per dollar, amid selling saw in the domestic equity market after the Reserve Bank of India (RBI) has kept the key rates unchanged.

    It opened 7 paise higher at 74.10 per dollar against Thursday's close of 74.17 and traded between 74.08-74.22

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  • August 06, 2021 / 03:34 PM IST

    Market Close: The benchmark indices ended lower on August 6 after Reserve Bank of India (RBI) has kept the repo rate unchanged at 4 percent and also maintained policy stance as ‘Accommodative’.

    At close, the Sensex was down 215.12 points or 0.39% at 54277.72, and the Nifty was down 56.40 points or 0.35% at 16238.20. About 1728 shares have advanced, 1400 shares declined, and 120 shares are unchanged.

    On the sectoral front, the metal, auto and IT indices ended higher, while selling was seen in the pharma, FMCG and infra names.

    The midcap and smallcap indices rose 0.2 percent each.

    Cipla, Reliance Industries, Shree Cements, UltraTech Cement and SBI were the top Nifty losers. IndusInd Bank, Adani Ports, IOC, Bharti Airtel and Tata Consumer Prodcts were among the top gainers.

  • August 06, 2021 / 03:34 PM IST

    Mohit Ralhan, Managing Partner & Chief Investment Officer, TIW Private Equity:

    RBI has maintained the accommodative stance indicating that the primary focus area remains growth and economic recovery is more critical than inflation. This was on expected lines as RBI has been demonstrating sustained commitment to growth. The September and December quarters are critical given the risk of third wave of COVID-19 and RBI has implemented proactive measures to maintain adequate liquidity in the system. 

    The markets are in strong bull phase indicating significant confidence on India’s growth prospects and RBI’s policy stance extends a strong support to it.

  • August 06, 2021 / 03:25 PM IST

    Berger Paints Q1 results:

    The company has posted net profit at Rs 140.5 crore versus Rs 15.1 crore and revenue was up 93.2% at Rs 1,798 crore versus Rs 931 crore, YoY.

    Berger Paints India was quoting at Rs 821.40, down Rs 16.90, or 2.02 percent on the BSE.

  • August 06, 2021 / 03:20 PM IST

    Madhavi Arora, Lead Economist, Emkay Global Financial Services:

    The MPC expectedly kept the key rates unchanged unanimously and reiterated its accommodative stance both on rates and liquidity. However one dissent on continuation of accommodative stance for foreseeable future shows the emerging split getting generated within the MPC. The MPC maintained that growth is still sub-par and needs consistent firm traction, and that continued policy support is vital for a durable growth revival. 

    However despite emerging inflation risks and sharp upward revision in FY22 inflation, MPC retained the view that inflation has transitory aspects, led by supply-side bottlenecks, even when they see inflation hugging the higher end of their tolerance band in the near term. 

    However, the focus was on Communication on liquidity management key amid evolving market risks and the yield curve management. The RBI reaffirmed longer tenor VRRRs as the first step toward normalization amid current bumper liquidity surplus and reinstated that the normalization of liquidity operations should not be confused with liquidity tightening.

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  • August 06, 2021 / 03:16 PM IST

    BSE Power index rose 1 percent led by the Adani Green, Adani Transmission, Adani Green:

     BSE Power index rose 1 percent led by the Adani Green, Adani Transmission, Adani Green:
  • August 06, 2021 / 03:14 PM IST

    BSE Realty index shed 1 percent dragged by the Sobha, DLF, Godrej Properties

     BSE Realty index shed 1 percent dragged by the Sobha, DLF, Godrej Properties
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