Why RBI went against the wind and kept repo rate unchanged; What made PSU stocks beat MNCs for first time in 5 years

ET Markets Daily Brief | Wed, Dec 07, 2016 | 04:51 PM IST Follow ET Markets

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90,000% return in 10 years! This stock was as cheap as a toffee, can get you a 3-bhk flat now Net profit of the company has grown at a CAGR of over 50% over the past 10 years. The company's bottomline has grown from Rs 2.20 crore to Rs 123 crore. RBI maintains repo rate at 6.25%; cuts FY17 GVA forecast The central bank cut FY17 GVA estimate to 7.1 per cent from 7.6 per cent earlier, following which the stock market and rupee took a beating. Three reasons why RBI went against the wind and kept repo rate unchanged The apex bank noted that prices of wheat, gram and sugar have been firming up and showed concerns over the recent decision by the Opec bloc to cut crude oil.

Interview One to One Consumption destruction is taking place, wholesale prices are falling apart and RBI is talking about inflation pressu... Nilesh Shah , Kotak AMC

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Market Watch 7 Dec | 04:51PM| SENSEX NIFTY USD/INR GOLD 26236.87 ↓-155.89 8102.05 ↓-41.10 67.68 ↓-0.22 27862.00 ↑35.00

Gainers Losers 7 Dec, 2016, 04:51PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Viji Finance Ltd. 16.08 20.00 37802 16.08 14.90 Manaksia Coated Metals & Industries Ltd. 8.43 19.91 13167 8.43 7.85 Archies Ltd. 27.75 19.87 1141556 27.75 23.65

Tweet of the day... From hot to not, investors exit gold funds in switch to equities

FROM THE NEWSPAPER

BLOG: Look what happened on D-Street all through Wednesday Watch this space as we bring you continuous updates on what's going on through the day in this LIVE BLOG from Dalal Street. Bank stocks tumble as RBI maintains status quo; realty, auto stocks mixed Lenders such as HDFC Bank, ICICI Bank and State Bank of India were down by 1.23 per cent, 1.38 per cent and 1.18 per cent, respectively. RBI stance aimed at supporting demonetisation: Dalal Street Beyond this point, we are not expecting any rate cut as the dollar has strengthened significantly since Trump's victory and we expect the rupee to depreciate. Year-end special: What made Sarkari stocks beat MNCs for first time in 5 years If the gains are maintained through December, this would be the first time since 2011 when the PSU index would beat the MNC index in a calendar year. Are we moving into a more efficient cashless, digital payments & seamless taxation system? Technological changes may not surprise us overnight. Rather it would be an incremental test of companies and its leadership to recognise the evolving trends

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