Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time

Sensex rises 102.09 points, banking, realty stocks rally

Maharashtra,Business/Economy, Tue, 17 Apr 2012 IANS
null

Mumbai, April 17 (IANS) A benchmark index for Indian equities markets was trading 102.09 points or 0.60 percent higher around 2.00 p.m. Tuesday after the Reserve Bank of India (RBI) announced cut in interest rates.

 

The RBI in its annual monetary policy for 2012-13 cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy -- a move that may also see interest rates falling on housing, automobile and commercial loans.

 

Announcing the monetary policy for the current fiscal, RBI Governor D. Subbarao said the repurchase rate was being cut by 50 basis points to 8 percent, which will automatically see the reverse repurchase rate also drop to 7 percent from 7.5 percent.

 

The news buoyed the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,200.97 points, and was ruling 17,253.04 points around 2.00 p.m., up 0.60 percent or 102.09 points from its previous close at 17,150.95 points.

 

The 50-scrip S&P CNX Nifty of the National Stock Exchange was trading 0.41 percent higher at 5,247.45 points.

 

There was good buying support in interest rates sensitive banking stocks after the rate cut. The country's largest lender State Bank of India was ruling 1.11 percent or 25.05 points higher at Rs.2,290.45.

 

The BSE banking index was trading 27.86 points higher at 12,056.47 points. Consumer goods index too came out with healthy performance with a rise of about 75.76 points at 10,085.06. Realty index grew by 23.87 points at 1,805.34 points and Auto index rose by 47.83 points at 10,336.77.

 

The midcap index of the BSE was up 18.10 points while the smallcap index was ruling 12.56 points higher.

 

null


null
LATEST IMAGES
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
PM Modi flagging off the Run For Unity on the Rashtriya Ekta Diwas
null
null
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


   

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.