The change in interest rates impacts the stock market and personal life. To understand how, read the complete article.

Nifty closed around the day's high by rallying 42 points or 0.24 per cent to close around 17,600 level on the weekly expiry day.  S&P BSE Sensex also closed around the day’s high with rise more than 143 points. Nifty Midcap 100 rallied 0.64 per cent after 2 days’ consolidation and Nifty Small cap 100 rallied 0.78 per cent.   

Nifty closed 38 points or 0.22 per cent above from previous close after sharp profit booking of morning session and closed around 17,398 level. S&P BSE Sensex closed around the day’s high with a rise of 152 points. Nifty Midcap 100 and Nifty Small cap 100 soared 0.44 per cent and 0.74 per cent respectively.   

About 1,741 shares have advanced, 1,772 declined and 190 are unchanged. 

The broader market traded in a range throughout the day amid volatility. Slight recovery towards the end took Nifty above 18,600 levels as it rose 0.28 per cent.

RBI Governor stated that despite a fall in crude oil prices and commodity prices, inflation is at an uncomfortably high level. However, the domestic activity has been resilient while PMI in July is at an eight-month high. For the next financial year, RBI retains its CPI forecast at 6.7 per cent.

In context to market expectations from Friday’s RBI MPC meet, Sumit Chanda, Founder & CEO of JARVIS Invest says, “While there have been some indications of the inflation moderating, with the Brent being still above the $100 mark and a falling rupee, we can expect RBI to hike the repo rate by about 50 bps.

The Reserve Bank of India upped the repo rate by 50 basis points today, as expected. What influence, though, might debt fund investors have?

Indices closed lower for the fourth consecutive day as Nifty falls below 16,400, down by 0.37 per cent.

The RBI surprised the market yesterday by raising key policy rates by 40 basis points. What effect would this have on debt fund investors? Let us investigate.