19 Sep 2018 | 7:37 AM
Research Report

Equity Research Report: Religare Morning Digest

As the down side target of Head and Shoulder formation was achieved on Tuesday itself and due to multiple supports placed nearby, we may witness a pause before further decline.
17 Sep 2014 | 07:00 AM

Corporate News: 

SBI revised its rates down by 25 basis points for deposits in the one-three-year category effective September 18. Deposits for this tenure will now fetch 8.75 per cent — most banks on an average offer 9 per cent for similar deposits.

IndusInd Bank reduced its interest rates on savings accounts to 4.5 per cent from earlier 5.5 per cent per annum on daily balance of up to Rs. 1 lakh.

Market Roundup 

A broad based decline was witnessed as selling intensified during the latter part of the trading session. The CNX Nifty fell below the psychological 8,000 level. There is a concern that a tighter monetary policy in the US may slow inflow from foreign portfolio investors (FPIs) into India. Investors across the globe are awaiting the outcome on the Federal Reserve's two-day policy meeting that begins on 16 September 2014, to gauge the timing of interest rate hike in the US. The Fed is likely to raise short-term interest rates next year from their current near-zero levels, where they have been since December 2008.