• Call
  • Email
  • Branches
  • SMS
Broking
: 1800 300 29999 (Toll free) Dial 1 for Call N Trade (8:30am-11:30pm, Mon-Fri & 10am-2pm, Sat)
MyUniverse
:: 022-6180 2828
(10am-7pm, Mon-Sat)
Get to a branch closest to you
 ABML Branches
 ABML & ABMML Branches
 ABMML Retail
 ABMML Wealth Management
To reach us for any of our services, SMS the below short codes to 567679
  1. Broking/Distribution SMS: ABM to 567679
  2. Wealth Management SMS: ABMM to 567679
  3. Corporate & Treasury SMS: SOLUTIONS to 567679
  4. Real Estate Advisory SMS: PROPERTY to 567679
  5. Channel Partner SMS: CP to 567679
  6. Franchisee Partner: ABM to 567679
  7. Portfolio Management Services: ABMCS 567679
Share with us your valuable feedback
SENSEX 26236.87-155.89 -0.59%
NIFTY 8102.05-41.10 -0.50%
SENSEX 26236.87-155.89 -0.59% NIFTY 8102.05-41.10 -0.50%
Market Today
Company LTP() Prev. Close() Change() Change(%)
Adani Ports 277.10 272.05 5.05 1.86
H D F C 1,265.45 1,243.80 21.65 1.74
Hero Motocorp 3,227.20 3,198.00 29.20 0.91
Tata Motors 445.25 441.35 3.90 0.88
M & M 1,184.25 1,175.20 9.05 0.77
Index Charts
  • Sensex
  • NIfty
News
Dec 07 , 2016 14:57
The monetary policy was announced by the RBI at 14:30 IST today, 7 December 2016.

Meanwhile, the S&P BSE Sensex was down 101.41 points or 0.38% at 26,291.35.

Ashok Leyland (down 1.73%), Maruti Suzuki India (down 0.86%), and Bajaj Auto (down 0.92%) declined. Mahindra & Mahindra (M&M) (up 0.81%), Eicher Motors (up 2.91%), Hero MotoCorp (up 0.51%), Tata Motors (up 0.43%) and TVS Motor Company (up 0.18%) gained.

Purchases of automobiles, including that of cars, utility vehicles and commercial vehicles are substantially driven by financing.

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, 7 December 2016, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25%.

Consequently, the reverse repo rate under the LAF remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the bank rate at 6.75%. The decision of the MPC is consistent with an accommodative stance of monetary policy in consonance with the objective of achieving consumer price index (CPI) inflation at 5% by Q4 March 2017 and the medium-term target of 4% within a band of +/- 2%, while supporting growth.

In the view of the committee, this bi-monthly review is set against the backdrop of heightened uncertainty. Globally, the imminent tightening of monetary policy in the US is triggering bouts of high volatility in financial markets, with the possibility of large spillovers that could have macroeconomic implications for EMEs.

In India, while supply disruptions in the backwash of currency replacement may drag down growth this year, it is important to analyse more information and experience before judging their full effects and their persistence - short-term developments that influence the outlook disproportionately warrant caution with respect to setting the monetary policy stance. If the impact is transient as widely expected, growth should rebound strongly.

Turning to inflation, food prices other than vegetables are exhibiting sustained firmness and a pick-up in momentum. Another disconcerting feature of recent developments is the downward inflexibility in inflation excluding food and fuel which could set a resistance level for future downward movements in the headline. Moreover, volatility in crude prices and the surge in financial market turbulence could put the inflation target for Q4 of 2016-17 at some risk.

Given these indicators of underlying inflation, it is appropriate to look through the transitory but unclear effects of the withdrawal of SBNs while setting the monetary policy stance. On balance, therefore, it is prudent to wait and watch how these factors play out and impinge upon the outlook. Accordingly, the policy repo rate has been kept on hold in this review, while retaining an accommodative policy stance, RBI said

Powered by Capital Market - Live News

 Full Story
Corporate Actions
Company Name Date Purpose
Amsons Apparels 08-Dec-16 Amsons Apparels Ltd has informed BSE that t..
Banco Products 08-Dec-16 Banco Products (India) Ltd has informed BSE..
Bloom Inds. 08-Dec-16 Bloom Industries Ltd has informed BSE that ..
Claris Lifescien 08-Dec-16 Claris Lifesciences Ltd has informed BSE th..
Electrosteel St. 08-Dec-16 Electrosteel Steels Ltd has informed BSE th..
Market Barometer
Name Close Price() Volume Weight In Index(%)
Tata Consultancy Ser.. 2,158.20 425,257.76 9.42
Reliance Industries .. 999.70 324,262.06 7.18
HDFC Bank Ltd 1,181.10 301,534.52 6.68
ITC Ltd 227.55 275,776.60 6.11
Oil & Natural Gas Co.. 297.30 254,354.72 5.63
Infosys Ltd 966.60 222,022.67 4.92
Products
ATTENTION INVESTORS :
Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Prevent Unauthorized Transactions in your Demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL / CDSL on the same day......................issued in the interest of investors. "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

Securities Broking is through Aditya Birla Money Limited; NSE - SEBI Registration No.: Equity/ Debt - INB 23 1347031, Derivatives – INF 23 1347031, Currency – INE 23 1347031; BSE-SEBI Registration No.: Equity/ Debt - INB 01 1347037, Derivatives - INF 01 1347037, Currency- Exchange Registered; MSEI - SEBI Registration No.: Equity – INB 26 1347034 and Derivative – INF 26 1347034, Currency - INE 26 1347031; USE - SEBI Registration No.: Currency – INE 27 1347036. NSDL /CDSL : IN-DP-17-2015. Commodity Broking is through Aditya Birla Commodities Broking Limited; NCDEX Membership No.: 00158; MCX Membership No.28730; FMC Registration No.: NCDEX / TCM / CORP / 0180; MCX / TCM / CORP / 0023. National Spot Exchange Membership No : 12590. Mutual Fund Distribution is through Aditya Birla Money Mart Limited, ARN 0003. Life Insurance is through Aditya Birla Money Insurance Advisory Services Limited, licensed to act as a Corporate Agent of Birla Sun Life Insurance Company Limited. IRDA license no. BSL 308007. The services of myuniverse.co.in are offered by Aditya Birla Customer Services Limited. Currently as a Member, we are not engaged in proprietary trading.

Copyright © 2014. Aditya Birla Money Limited All Rights Reserved. Developed and Powered by C-MOTS Infotech (ISO 9001:2008 certified)