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SURE SHOT CALLS

Wednesday, 30 September 2015

RBI Rate Cut-Sensex rallied 162 Pts,Nifty above 7800, Bank Rally

The Equity Markets gained more than 400 points intraday after the RBI gift with 50 basis points interest rate cut but some profit booking in last hours of trade today. 

Closing Update:- The 30-share Sensex index closed high 161.82 points or 0.63% at 25778.66, it was touched a high of 26054.37 and touch a low of 25287.33. The 50-share Nifty Index ended up 47.60 points or 0.61% at 7843.30, it was touched a high of 7926.55 and touch a low of 7691.20. 

“The Reserve Bank Of India today surprised the Street by a bigger-than-expected interest rate cut of 50 basis points”. 

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Among HDFC 3.46%, Maruti Suzuki 3.12%, M&M 2.48%, HDFC Bank 1.72%, Coal India 1.60%, L&T 1.27%, Tata Motors 1.19% were top gainers today. 

Sesa Goa 5.43%, Tata steel 3.87%, Hindalco Inds 3.54%, Dr.Reddy’s 2.79%, Sun Pharma 1.21%, Bharti Airtel 1.19%, Bajaj Auto 1.06%, Cipla 0.89% were top losers today.


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5 comments:

Allianceresearch Jabalpur said...

The market extended previous day's rally further in early trade Wednesday. The Sensex surged 225.78 points or 0.88 percent to 26004.44 and the Nifty climbed 71.35 points or 0.91 percent to 7914.65. Tata Steel,

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Akash Jayant said...

The Reserve Bank of India cut its interest rates on Tuesday by 0.50 percentage points to 6.75%.

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