Lenders Including SBI Cut Interest Rates After RBI Move

Mumbai(Sharemasterindia.com): Equated monthly installments on home and auto loans are likely to come down after State Bank of India (SBI), the nation's top lender by assets, said on Tuesday it would cut its base lending rate by 15 basis points to 9.7 per cent effective June 8 after the central bank cut its key policy rate for the third time this year.

Some other smaller state lenders also announced base lending rate cuts of between 25 and 30 basis points.

Earlier on Tuesday, the Reserve Bank of India cut the repo rate by 25 basis points, taking the total reduction this year to 75 basis points to help boost economic growth.

Sensex, Nifty to Open Lower; State Bank of India in Focus

Sharemasterindia.com: Nifty is likely to open lower in trades on Wednesday tracking subdued trading of Nifty on the Singapore Stock Exchange.

The Nifty which is traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.29 per cent or 24 points at 8,204 levels.

Maggi Samples Tested Are 'Unsafe', Says Delhi Government; Kerala Orders Recall From Government-Run Shops

(Sharemasterindia.com)New Delhi:  Kerala has ordered a pullout of Maggi noodles from government-run outlets and the Delhi government has said samples that it tested were found "unsafe," amid a country-wide scrutiny of the product for high content of lead and mono-sodium glutamate or MSG, a taste enhancer.

Here are the latest developments:

Today's Sure Shot Stock Tips (Dated: 03-06-2015)

Today's Sure Shot Stock Tips (Dated: 03-06-2015)

INDUSINDBK @ 844.85

Buy INDUSINDBK above 844.85 with strict stoploss below 839 for Intraday Targets 848/853.

 Read More: Nse Jackpot Tips

NSE Top Gainers & Losers

Do visit for NSE Top Gainers & Losers

Gainers
Symbol	LTP	% chng	Volume
ZEEL LUPIN BHARTIARTL	328.50 1,804.50 417.50	2.58 0.69 0.22	33,29,741 17,13,534 42,88,428

Losers
Symbol	LTP	% chng	Volume
AXISBANK INDUSINDBK SBIN ASIANPAINT ITC	552.75 844.85 266.50 756.60 318.50	-4.44 -4.32 -4.21 -4.20 -4.08	69,73,631 8,85,069 2,16,23,227 10,12,258 72,14,298

Why Sensex Plunged 450 Points Post RBI Policy

Sharemasterindia.com: The BSE Sensex fell as much as 445 points, while the broader Nifty slumped 130 points below 8,300 post Reserve Bank’s policy announcement. The sharp selloff in stock markets came even though the RBI cut its repo lending rate by 25 basis points to 7.25 per cent.
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Raghuram Rajan Cuts Repo Rate by 25 Basis Points, EMIs May Fall

Sharemasterindia.com: Reserve Bank Governor Raghuram Rajan on Tuesday cut the repo lending rate by 25 basis points to 7.25 per cent. The move was widely anticipated given RBI’s comfort with consumer price inflation and the marked slowdown in industrial growth.
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