Rbi Mpc Live

The Reserve Bank of India’s Monetary Policy Committee (MPC) decision is shaping up to be a close call, with economists divided between a rate cut and a pause amid ongoing growth concerns. SBI Research, in its latest report, noted there is merit in a rate cut at the upcoming policy but stressed it would require careful communication, as the threshold for easing has become higher post-June. The report suggested a 25 basis point cut would be most appropriate. On the other hand, several bankers have ruled out an immediate cut, though they still expect one more reduction during this fiscal. If the RBI holds rates, it would mark the second consecutive pause after August. Since February, the central bank has already lowered the repo rate by 100 basis points before opting to hold in the last policy. Catch Moneycontrol’s Nandita Khemka in conversation with CNBC-TV18’s Latha Venkatesh as they decode what to expect from this week’s policy outcome.

Live: Markets set for best weekly run in 3 years; to clock 6th straight week of gain | Opening Bell

Markets likely to consolidate on Friday ahead of RBI's monetary policy decision due later in the day. Overnight, US stocks closed higher with decent gains. Asian peers edge lower, Gift Nifty indicates a flat Start and RBI Monetary Policy Would Set The Tone for the markets. The RBI in its last review before Budget 2024 is expected to go for status quo at a time when concerns over high interest rates impacting economic growth have tapered with Q2GDP growth coming in at a robust 7.6%. In today’s session, stocks that will continue to be in focus will be sugar stocks after the previous few sessions’ sell-off, followed by IRCON, Titagarh Rail, IIFL Securities, Five Star Business Finance amongst others. Catch Moneycontrol's Nickey Mirchandani with Aamar Deo Singh Sr. Vice President Angelone and Rahul Arora, CEO, Nirmal Bang.

RBI policy to dictate market moves| MPC may hold rates| Zomato, five-star business in focus

Indian equity market finally entered into consolidation mode and saw profit taking on December 7, after significant upward journey in previous seven straight sessions. Hence, the said consolidation may continue for some more days with major support at 20700-20,500 area, as long as the Nifty50 trades below psychological 21,000 mark, but in case, the index sees sharp upmove above 21,000 mark, then another phase of northward journey may be seen, experts said. On December 7, the BSE Sensex declined 132 points to 69,522, while the Nifty50 fell 37 points to 20,901 and formed bearish candlestick pattern with long lower shadow on the daily scale. The broader markets gained a bit of strength compared to consolidation in the past two days, with the Nifty Midcap 100 and Smallcap 100 indices rising six-tenth of a percent and 0.4 percent respectively on positive breadth. About 1,193 shares advanced against declining 933 shares on the NSE. The volatility index, India VIX also trended lower, snapping three-day upmove and closing 7.76 percent lower at 12.67 levels which provided some support to the market. This morning global cues are mixed with Wall Street snapping a 3-day losing streak and Asian markets too in the mixed zone after a surprise revision in Japan’s Q3 GDP. The GIFT Nifty, however, trades above the 21,000 mark. Among stocks in focus today, we put the spotlight on Zomato, Five-Star Business, Concor, IRCON among others. The MPC will also announce its interest rate decision today. Catch Nandita Khemka in conversation with Latha Venkatesh, Executive Editor, CNBC-TV18 and Raja Venkatraman, Co-founder Neotrader and Trading Influencer.

LIVE | RBI Monetary Policy: Governor Shaktikanta Das's Address | RBI Rate Hike | Inflation

RBI Monetary Policy LIVE: Governor Shaktikanta Das announces the decisions of the rate-setting panel after a 3-day meeting. All eyes on the key policy rate announcement, which is likely to be hiked for the fourth time in a row. The RBI is likely to take a cue from its global counterparts to try and tame rising inflation. Watch!