Market Live: Indices erase gains, Nifty holds 12,100; PSU banks in focus - Moneycontrol.com, Moneycontrol.com

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Feb , 11: PM IST | Source: All the sectoral indices are trading in the green. BSE Midcap and Smallcap indices gained 0.5 percent.

February 16, 10: PM IST

Adani Green and TOTAL enter into binding arrangement : Adani Green Energy and Total Gas & Power Business Services SAS have entered into a binding arrangement for investment of approximately USD million for acquisition of % stake and other instruments in a Joint Venture Company (JVCo) which will house 2, (MWac operating solar projects presently) (% owned by Adani Green. ()

February , 11: 30 PM IST

(Advanced Enzyme Technologies Q3 result) : Consolidated net profit rose 46 .5% at Rs . 6 crore vers us Rs .4 crore and revenue was up (% at Rs) (crore versus Rs) crore, YoY. () (

February , : PM IST (Acuite Ratings reaffirmed rating of Nxtdigital : Acuite Ratings and Research has reaffirmed the long -term rating of ‘ACUITE A ‘ on Rs 126 crore buyer’s credit and rs 510 crore term loan of the company. The outlook is ‘Stable’.

February , : PM IST

(Market Update) : Benchmark indices erased most of its gains but trading higher with Nifty holding above 18, (level.) (The Sensex is up). . (points or 0.) % at 9165544. , and the Nifty up points or 0. % at 01575879. 26. About 12115 shares have advanced, shares declined, and (shares are unchanged.)

February 16, 0705077 12: (PM IST

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Among the sectors, Nifty PSU Bank spiked over 3 percent led by Bank of Baroda, Canara Bank, State Bank of India and Punjab National Bank which jumped 3-4 percent.

February 14, : (PM IST) Shishir Baijal, Chairman & Managing Director, Knight Frank India:

We are delighted with the MPC stance that has taken note of the concerns of the real estate sector making significant announcements today. With the lower provisioning requirement for retail loans extended to housing segment, we hope that the new measure will translate into lower cost of loans for home buyers as well. The encouragement also comes to the development side of the business where the long – standing industry demand for asset classification has been addressed. This will augment liquidity situation for developers too. With these two significant initiatives by the RBI, the real estate sector will hope to make a faster come back.

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February , : PM IST

Suvodeep Rakshit, Senior Economist, Kotak Institutional Equities: Even as the RBI kept repo rate unchanged at 5. 24 percent, the implementation of the revised liquidity framework as well as the start of Long Term Repo Operations (LTROs) of Rs1, , 0 crore for 1-year and 3-year tenors would lead to softening of market rates. RBI revised up its inflation projections with inflation reverting back to the 4 percent mark only in Q3FY 30. This possibly precludes any policy rate reduction in the near term. However, greater clarity on comfortable liquidity conditions persisting over the medium to long term will aid in transmission as well as lower cost at the shorter end of the curve.

With favorable impact on market interest rates and borrowing costs, the RBI’s announcement of lower CRR maintenance through reduction in NDTL calculation to the extent of incremental retail lending for automobiles, residential housing, and MSMEs could be positive for credit flow in the medium term. Overall, the RBI has delivered positively towards growth and credit without deviating from the inflation targeting framework. Evolution of borrowing costs as well as credit flows need to be carefully watched.