MARKET OVERVIEW :

Nifty rises 100 points; Hero Motocorp, Wipro among gainers: JLR  performs well. RBI steps: Results today:  Re @ 85.97/$

Sensex Today | Stock Market LIVE Updates: The broader markets also appear to be trading with healthy gains, as the midcap and small-cap indices are surging in green with gains of just under a percentage.

After seeing four consecutive days of decline and losing about 450 points in the same period, the Nifty index is up 50 points, trading towards 25,150. The markets are largely green, as the Sensex index also rose over 160 points.

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In addition, the Nifty Bank Index is also trading with a marginal rise.
The broader markets also appear to be trading with healthy gains, as the midcap and small-cap indices are surging in green with gains of just under a percentage.

This surge in the markets comes on the back of the US threat to impose up to 100% tariffs on those buying Russian goods in case a peace deal is not reached within the next 50 days. Tejas Network, after its results, is down 8%. In addition, other major moves include Ola Electric trading in green for the second day in a row. Yesterday, Ola soared by over 15% after presenting underwhelming Q1 results.

In some major results today, HDB Financial will be reporting its first result as a public company, along with stocks like HDFC Life, ICICI Prudential, ICICI Lombard, Bank of Maharashtra, General Insurance Corp and others.

Scope for RBI Rate Cuts Despite Mixed Signals

RBI Governor Stated: If Inflation is Below RBI’s Expectations, There is Room for a Rate Cut
Believe There is Space for a Cut
Expecting 1.8% Inflation This Year
Expecting Two More Rate Cuts in October & December
We Tend To Take Transmission For Granted
Impact Of Repo Rates Will Be First on Fresh Loans
It Takes 8-9 Months For Lending Rates To Transmit Into Credit Growth
Retail Is Not Sensitive To Rate Cuts
MSMEs Tend To Be More Elastic To Rate Cuts
There Has Been mixed messaging from the RBI
We estimate GDP Growth at 6.20%
Believe We Need Rate Cuts & There’s Also Room For Rate Cuts

MPC Stance Changed From Accommodative To Neutral, Which Was One Of The Spoilers
Data Suggests A Move Towards A Cut, But the Stance Suggests Otherwise
Macros Suggest A Possibility Of A Rate Cut If Inflation Remains Low
What’s Puzzling The Market Is That RBI Is Injecting Liquidity, But There Are Also VRRR Activities
This Leads To Profit Booking & A Sideways Market
It’s Just A Matter Of Time Before The Market Aligns With Actual Rates
Supply On The Longer End Is Fairly High, Leading To Higher Yields
The Govt Appears To Be Borrowing At Slightly Higher Rates Due To a Demand-Supply Issue

Jaiprakash Power Shares Break 3-Day Winning Streak, Falls 6%

Jaiprakash Power Shares declined by over 6%. This comes after the company made gains for three trading sessions in a row. In these three sessions, the company shares grew by close to 20%.