RBI policy effect- Sensex & Nifty ends high, repo rate 8 per cent, nifty future intraday trading tips

The market closing update:- The 30-share Sensex index was closed at 25908.01 up 184.85 points or 0.72%, it touched a intra-day high of 25928.32 and touch a low of 25562.36 trade today.

The 50-share nifty index closed at 7746.55 gain 62.90 points or 0.82 per cent, it touched a high of 7752.45 and touch a low of 7638.05 in trade today.

RBI Governor Raghuram rajan assured investors in a press conference on Tuesday. The RBI in its third bi-monthly monetary policy statements for 2014-15 kept the repo rate unchanged at 8 per cent. The reverse repo rate unchanged at 7 per cent and Cash reserve ratio rate at 4 per cent.

Nifty gainers today:- Ultra cements 5.32%, ACC 4.71%, Ambuja Cements 4.21%, Grasim 3.98%, M&M 3.76%, ONGC 3.31%, Bajaj Auto 3.28%, Hindalco 2.88%, Tata steel 2.47%, Jindal Steel 2.42%.

Nifty losers today:- BPCL 1.07%, HCL Tech 0.96%, Bharti Airtel 0.77%, Hero motocrop 0.57%, MCDOWELL-N 0.56%, LT 0.33%, Kotak bank 0.28%, IDFC 0.26%, Cipla 0.25%, BHEL 0.24%.