Market Live: Sensex trades lower, Nifty below 10,100; RBI rate decision eyed. Investors maintained cautious stance ahead of RBI policy decision.
Investors maintained cautious stance ahead of RBI policy decision.
10:35 am Inflation: Countering the Congress's allegations of "price rise", Finance Minister Arun Jaitley today said inflation data shows a steady decline in general prices.
Taking to Twitter, he gave comparative data on inflation during the UPA rule and the Narendra Modi government with the help of graphs.
"Since the issue of price rise has been raised by some in the Congress Party, let the data on inflation figures speak for itself," he tweeted.
10:35 am Inflation: Countering the Congress's allegations of "price rise", Finance Minister Arun Jaitley today said inflation data shows a steady decline in general prices.
Taking to Twitter, he gave comparative data on inflation during the UPA rule and the Narendra Modi government with the help of graphs.
"Since the issue of price rise has been raised by some in the Congress Party, let the data on inflation figures speak for itself," he tweeted.
"Inflation Data shows a steady decline in general prices," he said in another tweet.
10:25 am Rupee Trade: The rupee depreciated by 3 paise to 64.41 against the dollar at the interbank forex market today ahead of the announcement of RBI's monetary policy amid foreign fund outflows.
Dealers said increased demand for the American currency from importers also weighed on the rupee but dollar's weakness against other currencies overseas limited the losses.
Yesterday, the rupee had struggled to hold on to early strong gains and eventually ended the day almost flat at 64.38 against the US dollar.
10:15 am Buzzing Stocks: Shares of Plastiblends India and The Byke Hospitality fell 2-8 percent intraday on the back of weak September quarter (Q2FY18) numbers.
Byke Hospitality has reported 10 percent decline in its Q2FY18 net profit at Rs 5.2 crore against Rs 5.76 crore in a year ago period.
Revenue of the company was down 45 percent at Rs 29.4 crore and EBITDA was down 6 percent at Rs 11 crore.
The company announced acquisition of the 3 hotels, The Byke Nature Villas (35 rooms) in Shimla, The Byke Puja Samudra (42 rooms) in Kovalam and The Byke Brightlands Resort (63 rooms) in Matheran.
10:25 am Rupee Trade: The rupee depreciated by 3 paise to 64.41 against the dollar at the interbank forex market today ahead of the announcement of RBI's monetary policy amid foreign fund outflows.
Dealers said increased demand for the American currency from importers also weighed on the rupee but dollar's weakness against other currencies overseas limited the losses.
Yesterday, the rupee had struggled to hold on to early strong gains and eventually ended the day almost flat at 64.38 against the US dollar.
10:15 am Buzzing Stocks: Shares of Plastiblends India and The Byke Hospitality fell 2-8 percent intraday on the back of weak September quarter (Q2FY18) numbers.
Byke Hospitality has reported 10 percent decline in its Q2FY18 net profit at Rs 5.2 crore against Rs 5.76 crore in a year ago period.
Revenue of the company was down 45 percent at Rs 29.4 crore and EBITDA was down 6 percent at Rs 11 crore.
The company announced acquisition of the 3 hotels, The Byke Nature Villas (35 rooms) in Shimla, The Byke Puja Samudra (42 rooms) in Kovalam and The Byke Brightlands Resort (63 rooms) in Matheran.
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