Indian equity market fell for the third straight session on Thursday, tracking heavy losses in index-heavyweights HDFC twins, TCS and Reliance Industries amid weak global cues. Sensex slumped 575.46 points to end at 59,034 and Nifty declined 168.10 points to 17,639.55.
The Indian equity market is likely to open flat ahead of RBI policy meet outcome.
Here are all the latest updates.
10:30 am: Inflation pegged at 5.7% in 2022-23, says RBI governor
Inflation has been pegged at 5.7 per cent in 2022-23, RBI Governor Shaktikanta Das said during the latest monetary policy committee (MPC) meeting announcements. He added that inflation rates stood at 6.3 per cent (Q1), 5 per cent (Q2), 5.4 per cent (Q3) and 5.1 per cent (Q4).
He also explained that supply chain disruptions have rattled global commodities and financial markets.
10:25 am: GDP growth projected at 7.2% in 2022-23, says Shaktikanta Das
RBI Governor Shaktikanta Das, during the MPC meet decision announcements on Friday, said that real GDP for the year 2022-23 is projected at 7.2 per cent. He added that Q1 is expected to have a growth of 16.2 per cent, Q2 6.2 per cent, Q3 4.1 per cent and Q4 4 per cent.
8:45 am: FII and DII action
Foreign institutional investors (FIIs) sold shares worth Rs 5,009.62 crore on April 7, and domestic institutional investors (DIIs) purchased shares worth Rs 1,774.70 crore, as per provisional data available on NSE.
8:40 am: Global updates
The S&P 500 ended higher on Thursday, with Pfizer and Tesla fueling a late-session rally while investors eyed the war in Ukraine and a potentially more aggressive Federal Reserve. Tesla Inc rose 1.2 percent and Microsoft Corp added 0.6 percent, helping lift the S&P 500 and provide the Nasdaq a modest gain.
The Dow Jones Industrial Average rose 0.25% to end at 34,583.57 points, while the S&P 500 gained 0.43 percent to 4,500.21. The Nasdaq Composite climbed 0.06 percent to 13,897.30.
Shares in Asia-Pacific rose on Friday after a comeback on Wall Street as investors continued to digest the Fed’s plans to fight inflation. The Nikkei 225 gained 0.45 percent in early trade, while the Topix advanced 0.19 percent. Australia’s S&P/ASX 200 rose 0.35 percent. In South Korea, the Kospi climbed 0.38 percent.
