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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.”",The last initial public offering (IPO) was that of Macrotech Developers (erstwhile Lodha Developers), which opened during April 7-9.",Celebrated filmmaker Steven Spielberg is developing a new movie based on Frank Bullitt, the iconic character played by Steve McQueen in the 1968 thriller Bullitt. According to Deadline, Spielberg will be directing the film and will also produce along with Kristie Macosko Krieger.",The recall will impact vehicles manufactured between October 27, 2016 and November 1, 2019, Maruti Suzuki India said in a regulatory filing.",The police verification and investigation report for the release of compensation to Agniveer Ajay Kumar’s family has been submitted by the Jammu and Kashmir (J&K) Police, it has been learnt.",Opposition Nationalist Congress Party (SP) MLA Jitendra Awhad on Wednesday extended apology for tearing a poster carrying a photograph of Dr Babasaheb Ambedkar.",A sudden surge in crude prices can upset the nation’s key macro-stability parameters, as it can sharply spike the current account deficit (CAD), inflation and the fiscal numbers, whittling the benefits of higher growth, warns an RBI study.",Samajwadi Party spokesperson Rajendra Choudhary said, “We will question the government on issues such as unemployment, price rise, corruption, and poverty. Our party will not miss an opportunity to question the government in the House,” he said.",The under-construction wall collapsed on Friday and the incident was reported to the Delhi Fire Services (DFS) around 5:30 am.",Also read – ‘You’ll be shocked how Christopher Nolan was treated by Indian authorities’: Anurag Kashyap says Indians have no interest in empowering cinema",“If I was manager of Real Madrid – that is not going to happen – I could understand it, but here, I don’t know. But I accept it. As much as I go through it’s not going to change that,’’ said Guardiola, who last won the Champions League in 2011.",Besides, receding crude oil prices in international markets also boosted sentiment, traders said.".