INDIAN BENCHMARKS bonds weaken as monsoon forecast knocks rate cut hopes
INDIAN EQUITY BENCHMARKS lost over 2% on Tuesday and the benchmark 10-year bond yield jumped as a forecast for weak monsoon rains raised doubts over whether the central bank could follow up Tuesday's interest rate cut with another this year. The S&P BSE Sensex down 2.37% and CNX Nifty ended 2.34% lower.
Headlines for the day:
RBI cuts Repo rate by 25 bps, CRR remains unchanged.
Tata Motors May 2015 volumes up 5.3% YoY.
Realty shares decline after RBI monetary policy.
The crucial resistance for Nifty is now seen at 8136 and above this 8027. Support for the immediate term is now placed at 8198 and next support will be 8108.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linke din and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
INDIAN EQUITY BENCHMARKS lost over 2% on Tuesday and the benchmark 10-year bond yield jumped as a forecast for weak monsoon rains raised doubts over whether the central bank could follow up Tuesday's interest rate cut with another this year. The S&P BSE Sensex down 2.37% and CNX Nifty ended 2.34% lower.
Headlines for the day:
RBI cuts Repo rate by 25 bps, CRR remains unchanged.
Tata Motors May 2015 volumes up 5.3% YoY.
Realty shares decline after RBI monetary policy.
The crucial resistance for Nifty is now seen at 8136 and above this 8027. Support for the immediate term is now placed at 8198 and next support will be 8108.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linke din and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
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