Sensex scales Mt 27K, takeaways of RBI policy and Rajan’s black gold headache

ET Markets Daily Brief | Tue, Jun 07, 2016 | 05:24 PM IST Follow ET Markets

Sensex scales Mount 27K: Three factors that powered this rally The Nifty50 topped the crucial resistance level at 8,250 to end at 8,266, supported by gains in realty, metals, capital goods, banking and metal stocks. Top five takeaways from RBI's monetary policy meet The RBI on expected lines kept key interest rates on hold in its second bi-monthly Monetary Policy Statement, but expressed concerns over rising inflation. RBI stays accommodative; 10 rate sensitive stocks to buy now The 3rd policy meet will be on August 9. Given the uncertainties, RBI said that it will stay on hold, but the stance of monetary policy remains accommodative.

Interview One to One For 16-17 months, we saw WPI on the negative side. Now that there is a little upside risk to inflation, markets are p... Nilesh Shah, MD, Kotak AMC

Advertorial How and when to de-risk one's investment portfolio As one nears long-term goals, it is important to preserve the accumulated wealth through the process of de-risking. Read on to find out how and when de-risking helps in the financial planning process.

Market Watch 7 Jun | 05:24PM| SENSEX NIFTY USD/INR GOLD 27009.67 ↑232.22 8266.45 ↑65.40 66.77 ↓-0.21 29220.00 ↓-230.00

Gainers Losers 7 Jun, 2016, 05:24PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Shreyas Shipping & Logistics Ltd. 386.40 20.00 218152 386.40 328.40 Alpha Geo (India) Ltd. 660.10 20.00 74999 660.10 580.00 STL Global Ltd. 4.68 20.00 10587 4.68 4.45

Tweet of the day... Currency traders, beware! RBI policy puts unhedged positions in trouble

FROM THE NEWSPAPER

Here's what happened on Dalal Street all through Tuesday If you are reading this, chances are the Sensex and the Nifty are part of your daily life, and actions on Dalal Street can make or mar your day. Look, D-Street still found meat in a dull money policy The Reserve Bank of India on Tuesday maintained status quo on policy rates at the third bimonthly review, citing upside risk to inflation . Black gold a headache not only for Modi, but for Raghuram Rajan too Months after a crash in crude oil prices spooked the stock market, the recent spike in oil prices has done the damage to RBI's money policy on Tuesday. Indian stocks trading at attractive prices; can you afford to miss this? At 2.5 times, Sensex PB is near its 10-year average of 2.7 times. The return on equity (RoE) is at 14.9 per cent, which is below its long-period average. Top five wealth creating ideas from 3 top global brokerages Macroeconomic data shows green shoots in the economy. India's recent GDP growth number at 7.9% for Q4FY'16 was largely driven by private consumption.

MORE LINKS:Gainers|Losers|Movers|Only Buyers|Only Sellers|Surging Volumes|Indices

More Newsletters

Daily Newsletter Special stories that round up the major developments of the day

ET Mutual Fund A weekly round-up of the top news and views from the mutual fund industry

ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox

Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more

View All

Follow ET Markets

About us|Advertise with us|Feedback|Sitemap|Code of Ethics © 2016 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here