Repo Rate Unchanged

RBI Monetary Policy LIVE Updates: Repo Rate Unchanged at 6.5%, FY25 GDP Growth Forecast Raised to 7.2%

Introduction The Reserve Bank of India (RBI) announced its second bi-monthly monetary policy of the financial year 2024-25, maintaining the benchmark repo rate at 6.5% for the eighth consecutive time. This decision, made by the six-member Monetary Policy Committee (MPC) headed by Governor Shaktikanta Das, underscores a continued stance of ‘withdrawal of accommodation’. Alongside this…

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HERO MOTOR IPO

Upcoming IPOs in June 2024: Kronox Lab, Magenta Lifecare, Sattrix InfoSec to Hit Market Next Week, 6 Listings to Watch Out

Introduction The IPO market in India is thriving despite market uncertainty, with many companies going public due to economic growth and rising stock prices. Three !POs are set to open for subscription next week – Kronox Lab Sciences, Sattrix Information Security, and Magenta Lifecare. Kronox Lab, Magenta Lifecare, Sattrix InfoSec Outline Generation 1. Introduction to…

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Nifty 50

Equity Market Update: Sensex, Nifty 50 Descend for the Third Straight Day; Investors Forfeit Almost ₹3 Lakh Crore in a Single Session

Introduction The Indian stock market witnessed a significant downturn today, marking the third consecutive session of losses for the Sensex and Nifty 50. Investors faced substantial financial setbacks, with nearly ₹3 lakh crore wiped out in a single day. The market’s volatility, driven by a combination of election-related uncertainties and mixed global cues, continues to…

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