Gold on fire, tops Rs 38,000 | Why RBI cut rates by 35 bps | Spandana IPO sails

To keep you updated, we send ET Markets Newsletter to your mailbox. In case, you wish to Unsubscribe Click Here

DAILY BRIEF Wed, Aug 07, 2019 #Q1Results#SmallcapHunters#IPOs#ExpertViews#StockRecos SENSEX 36690.50 -286.35 NIFTY 50 10855.50 -92.75 Gold 38070.00 573.00 USD/INR 70.87 0.04

TOP OF THE DAY RBI cuts FY20 growth projection: Key takeaways from money policy MPC felt a 50 basis points rate cut might have been excessive," said Shaktikanta Das. Inside Bar on Nifty chart dashes hopes of a short-term bounce Gold hits all-time high, nears Rs 38,000; silver surges Rs 650 Spandana Sphoorty IPO gets fully subscribed on Day 3 F&O: Major market trend under pressure; bears call the shots A 35 bps cut denotes RBI is not panicking: Abheek Barua Sensex, Nifty plunge as RBI slashes growth forecast

Top Gainers NSE 5 companies (largecap) appreciated more than 3% Zee Ent. 4.94% Kansai Nerolac 4.36% More from Gainers Top Losers NSE 4 companies (largecap) price decreased more than -5% Ibull HousingFin -13.35% Bank of Baroda -6.33% More from Losers 52 Week High NSE 6 companies touched new 52-week high today Mas Financial Services Ltd. 2.63% GSPL 0.93% More from 52 Week High

AdvertorialPenalty you will pay for missing ITR filing deadline and who won't have to pay If you are a small taxpayer whose gross total income does not exceed Rs 5 lakh then the maximum fees you are liable to pay is Rs 1,000. AdvertorialGen 5 Fossil Touchscreen Smartwatch comes with Google Assistant, multi-day battery life The inbuilt speaker allows the wearer to answer phone calls right from the wrist.

World economy edges closer to a recession as trade fears spread New Zealand's central bank on Wednesday stunned investors by dropping its benchmark rate by 50 basis points. Rate cut will ultimately improve investment cycle: Mistry SoftBank Group Q1 profit triples to $10.5 billion <br />M&M Q1 margins contract to 14%; key takeaways

Market moguls Podcast Video Govt damage control may trigger stocks rebound: Cover your shorts ETMarkets Evening Podcast: Why RBI's 35 basis points cut failed to lift D-Street? RBI Governor walked the talk: Shubhada Rao, chief economist, Yes Bank

RECOMMENDATIONS Hero MotoCorp Ltd. Buy Hero MotoCorp, target Rs 2,600: Kunal Bothra Buy Reliance Industries Ltd. Sell Reliance Industries, target Rs 1,100: Kunal Bothra Sell Bata India Ltd. Buy Bata India, target Rs 1,440: Dr CK Narayan Buy Hero MotoCorp Ltd. Buy Hero MotoCorp, target Rs 2,515: Dr CK Narayan Buy LIC Housing Finance Ltd. Sell LIC Housing Finance, target Rs 465: Manas Jaiswal Sell

Central banks surprise with cuts in race to monetary bottom NZ and India led with bigger-than-expected cuts, while Thailand's 25-bp reduction was a surprise. View: RBI desperate to put economy back on the track Why Dabur, Bata, Nestle and Pidilite performed better in Q1 Cipla posts 6% rise in Q1 profit at Rs 478 cr, meets expectations

Quick Links Markets Live | Market Stats | IPOs | Technicals | Commodities | Forex

Follow Us: Download ET Markets App:

About us|Advertise with us|Feedback|Sitemap|Code of Ethics More Newsletters: Daily Newsletter | Markets Morning | ET Investment Opportunities | Wealth | View all © Times Internet Limited. To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here, To unsubscribe or edit your subscriptions please click here