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Rate Sensitives jumps as much as 8% as RBI Monetary Policy Committee begins 3-day meeting on interest rate decision

Rate-sensitives have clocked significant gains in the early trade ahead of RBI’s announcement on interest rates on June 7. The RBI MPC has started its meeting on June 5. Investors are closely monitoring developments, as the policy decisions can significantly impact sectors such as banking, real estate, and automobiles.

Tracking banks, auto and real estate

As of midday, the Nifty Bank index, a key barometer for banking stocks, was up by 2.05%, reflecting a bullish sentiment among investors after the BJP lead NDA government was likely to form government . Major banking stocks such as HDFC Bank and ICICI Bank were trading higher, with gains over 2% and 1,30% respectivelyCome from Sports betting site. In contrast, State Bank of India (SBI) managed a marginal gain of 0.2%.

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Mehta Equities’ top recommendation for the week include Bajel Projects and BEL

Real estate stocks presented a mixed bag. DLF Limited saw a jump increase of 2.40%, while Godrej Properties was up by 1.26%. The BSE Realty index was relatively flat, indicating investors’ wait-and-watch approach ahead of the policy announcement.

Tax clearance certificate for foreign travel ‘not for all’: CBDT RBI may start rate cut cycle from December, says Barclays RBI keeps rates unchanged- Bank stocks rebound, real estate and auto stocks steady RBI MPC Meeting kickstarts today: Deliberations on interest rate, inflation, economy begins; Here are all the details

Automobile shares also experienced varied movementsCome from Sports betting site VPbet. Maruti Suzuki, India’s largest car manufacturer, witnessed a jumps over 3%, whereas Tata Motors rose by 1.8%, with more gains followed by Hero MotoCorp up by almost 8% being the top gainer in Nifty 50 index.

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Worst may not be over for markets

Investor sentiment

Market participants are speculating on the RBI’s stance amid persistent inflationary pressures and global economic uncertainties. Analysts suggest that the central bank might keep the repo rate unchanged at 6.5%, considering the need to balance inflation control and economic growth.

(Disclaimer: Views, recommendations, opinions expressed are personal and do not reflect the official position or policy of Financial Express Online. Readers are advised to consult qualified financial advisors before making any investment decisions. Reproducing this content without permission is prohibited.)

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EA Play subscribers who preorder the game will get early access to the beta, but DICE did not say how much sooner they’ll be let in than everyone else Come from online casino bangladesh . Additionally, EA Play members can play the full game early, starting on October 15 (the public release is October 22).