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Wednesday, 8 February 2017

Sensex pares losses, Nifty gained 0.75 pts at 8769.05. Stock Investment Advisory

Benchmark indices pared losses as RBI kept its  repo rate unchanged at 6.25%. At closing bell, the BSE Sensex settled at 28289.92 down by 45.24 points, while NSE Nifty gained 0.75 points at 8769.05. The broader markets outperformed, with the BSE Midcap index rising 0.5% each. About 1509 shares advanced against 1365 declining shares on the exchange. 

The INDIA Volatile Index is down by 0.57% at 13.43. The RBI Monetary Policy Committee decided to keep the policy rate under the liquidity adjustment facility (LAF) unchanged at 6.25%. As a result, the reverse repo rate under the liquidity adjustment facility remains unchanged at 5.75% and the marginal standing facility (MSF) rate and the Bank rate at 6.75%. 

GAIL India, Coal India, TCS and Tata Motors were top gainers on BSE Sensex while Dr Reddy’s, ITC, Tata Steel and Sun Pharma were suffered..

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