Electrosteel Steels Surges On Detailing steps for acquisition by Vedanta

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Gold Silver Reports (GSR) – Electrosteel Steels Surges On Detailing steps for acquisition by Vedanta – Shares of the debt-ridden steel producer rose as much as 4.42 percent to Rs 1.18. Electrosteel Steels spelled out steps to be taken for completion of its takeover by Vedanta Star and subsequent delisting from stock exchanges.             

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Indiabulls Real Estate Surges After Buying Its Own Shares; McLeod Russel Gains On Plans To Sell Tea Estates

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Gold Silver Reports (GSR) – Indiabulls Real Estate Surges After Buying Its Own Shares – Shares of the Delhi-based real estate developer rose as much as 5.11 percent to Rs 180.95 after the company purchased its own shares in yesterday’s session. Indiabulls Real Estate bought 27 lakh shares or 0.6 percent equity at Rs 175.58 per share. 

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RBI Monetary Policy Prediction Today

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RBI Cuts Repo Rate

Gold Silver Reports (GSR) – RBI Monetary Policy Prediction Today: Indian Stock Market would open flat with negative bias. Technically, Nifty also entered into negative zone. BankNifty is still in negative zone. Now, today RBI Policy would be disclosed and it would affect Indian Stock Market direction. Street expect Rate hike this time.

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RBI Monetary Policy Day Guide June 6, 2018 INDIA

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Reserve Bank

Gold Silver Reports (GSR) – RBI Monetary Policy Day Guide June 6, 2018 INDIA — Policy action: Even as the market expects status quo, there are three likely scenarios that can emerge from today’s policy. First RBI could maintain a pause in policy rate with change in stance from neutral to hawkish, signalling that more rate hikes are imminent. The second scenario is when the RBI could hike the policy rates, and lastly a rate hike followed by a hawkish stance.

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