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Wednesday, 8 June 2016

RBI policy, Sensex above 2700 in First time since October, RR 6.6% and CRR 4% unchange

RBI policy update
Today Equity market rallied to hits fresh 7-month high on Tuesday, after the RBI Governor Raghuram Rajan’s cooperative policy stance and US Federal Reserve Chair Janet Yellen’s comments. Today Bank and FMCG stocks higher performance but moderate selling index Heavyweight Infosys, Reliance Industries and HDFC upside in late trade. 

The 30-share Sensex above 2700-mark in the first time since October 2015. Up 232.22 points or 0.87% at 27009.67 and The 50-share Nifty index gained 65.40 points or 0.80% at 8266.45. 

The Reserve Bank Of India kept repo rate 6.5 per cent and Cash reserve ratio 4 per cent unchanged. 

Among SBIN, ICICI bank, Ultra cements, Hindalco, Ambuja Cements, Sun pharma, ITC, ZEEL, Hindustan Unilever, Tata Steel were top Gainer in the Nifty. 

BPCL, Indusindbk, Tata power, Auro Pharma, Infosys, Eichermot, IDEA, Infratel, Tech-mahindra, Gail were top Losers in the Nifty.


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