Market wrap Up of 6th April

Indian capital markets remained flat to negative on Thursday as RBI’s monetary policy committee kept the repo rate unchanged, while it increased the reverse repo rate to 6 per cent. Nifty traded above the level of 9250.

All indices closed in the red, except IT, Metals and Oil & Gas. Consumer Durables and Healthcare reduced 100 points each. Bank index also declined 18 points. Oil & Gas increased 127 points. IT and Metals rose 14 points and 48 points, respectively. Mid-cap index increased 20 points while Small-cap reduced 33 points.

Overseas, European and Asian stocks edged lower, after minutes of the US Federal Reserve's last meeting raised worries over high stock market valuations.

The Reserve Bank of India (RBI) today, 6 April 2017, kept the policy repo under the liquidity adjustment facility (LAF) unchanged at 6.25%. On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today.

Stocks which will remain in focus for 7^th April:

Karur Vysya Bank: Karur Vysya Bank has revised marginal cost of funds-based lending rates (MCLR) effective from April 7. The share price of the bank will remain in the limelight on Friday.

HPCL: HPCL has reworked fiscal pact for Rajasthan refinery, work to start. The share price of the company will be in focus on April 7.

SMS Pharmaceuticals: SMS Pharmaceuticals has made investment in equity shares of VKT Pharma, an associate company. The share price of the company will remain in the limelight on Friday.

KDDL: KDDL has tied partnerships with Nomos Glashutte SA and Oris SA. The share price of the company will remain in the limelight on April 7.

DLF/ IRB Infrastructure Developers: RBI has allowed banks to invest in REITs and InVTs. DLF and IRB Infrastructure Developers will be in focus on Friday.