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Dhiraj Relli, MD & CEO at HDFC Securities said, “In a surprise meeting today, RBI announced a repo rate hike by 40 bps (to 4.4%) and an increase in the CRR rate by 50 bps. RBI is no longer behind the curve to react to rising inflation numbers. In terms of timing, it took everyone by surprise and the hike of 40 bps is higher than the market expectation of 25 bps in the June Meet. This apart, the increase in CRR by 50 bps will withdraw Rs 87,000cr liquidity in the system. Immediately on the announcement, all interest-rate sensitive stocks fell sharply including Banks, Auto, Real estate, etc. Coming ahead of the US Fed announcement due today, the RBI has taken the lead for the time being after being blamed for being behind the curve by some economists. Nifty could remain under pressure for some time.”",Shares of Macrotech Developers on Monday made a tepid market debut, listing with a discount of over 10 per cent from the issue price of Rs 486.",In addition to Mumbai residents, several non-residential Indians (NRIs) too exercised their voting rights on Monday, with many specifically traveling to the financial capital for the ongoing Lok Sabha elections.",For the sixth consecutive year, London-based Indian origin artist Anish Kapoor has topped the Hurun India Art List of the most successful Indian artists alive, released by the Hurun Research Institute. The list ranks the top 50 living Indian artists according to the sales of their works sold at public auctions as of January 1, 2024.",Scientists have discovered that the most likely source of water on Moon is the constant stream of charged particles from the Sun known as the solar wind.",As one of the leading bookmakers in Vietnam, always strives to provide the best service. With some false rumors, this article will be an opportunity for us to clarify the truth.⚡,The Madras High Court has set aside the criminal proceedings pending before a Special Court for Pocso cases in Coimbatore against a youth, who had a consensual love affair with a minor girl and later married her, when she was below 18 years of age.",The ongoing global growth in the human population has the potential to threaten hundreds of mammals and birds species with extinction within 40 years,a new study has warned. Scientists at The Ohio State University have determined that the average growing nation should expect at least 3.3 per cent more threatened species in the next decade and an increase of 10.8 per cent species threatened with extinction by 2050.",The motto of this festival is to bring Poonch on the country’s tourism map by highlighting its tourist destinations, culture, cuisine and local produce. The festival is a move to convey the change from ‘terrorism to tourism’,” social worker Iftikhar Ahmad said.",The Swiss government began making details of dormant accounts public in 2015 to allow their claimants submit necessary proof to get access to those funds, which included at least 10 accounts linked to Indians.",This vacation season, Europe seems to be on everyone’s bucket list. From Arjun Kapoor and Malaika Arora, to the Pataudi and Kapoor families, B-town seems to be liking Europe and its many picturesque locations. The latest celebrity to join the list is Karishma Tanna and her husband Varun Bangera.",From the Sensex basket, Mahindra & Mahindra, Infosys, Axis Bank, HCL Technologies, NTPC and Asian Paints were the major laggards.".