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Sensex, Nifty rangebound; RBI keeps repo rate unchanged

The market remained lacklustre post announcement of RBI policy. The Reserve Bank of India kept repo rate unchanged at 7.5 percent and cash reserve ratio at 4 percent.

11:03

The News International Team

The market remained lacklustre post announcement of RBI policy. The Reserve Bank of India kept repo rate unchanged at 7.5 percent and cash reserve ratio at 4 percent.

The Sensex rose 1.27 points to 28505.73 and the Nifty declined 10.90 points to 8649. The broader markets continued to outperform benchmarks.

About 1216 shares have advanced, 913 shares declined, and 138 shares are unchanged on the Bombay Stock Exchange.
 
Reliance Industries, TCS, Bajaj Auto, Mahindra & Mahindra, GAIL and NTPC rallied 1-2 percent whereas Sun Pharma remained under pressure on profit booking, down nearly 2 percent. Infosys, ITC, Tata Motors, Bharti Airtel, Hero Motocorp, Dr Reddy’s Labs and Cipla lost 0.5-0.9 percent.

10:00

Nifty choppy, RBI policy eyed; Sun Pharma down, RIL gains

Equity benchmarks are volatile ahead of RBI monetary policy. The Sensex rose 37.56 points to 28542.02 and the Nifty gained 5.30 points at 8665.20.

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09:15

Sensex, Nifty open higher ahead of RBI policy; HDFC leadsRead More »

The market gained further in early trade ahead of RBI policy. The Sensex rose 81.51 points to 28585.97 and the Nifty advanced 16.70 points to 8676.60. About 594 shares have advanced, 135 shares declined, and 88 shares are unchanged on the BSE.

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