Meantime, the RBI has said that it will infuse Rs 40,000 crore into the system in November by buying govt bonds by way of open market operations for maintaining liquidity in the market.Continue reading
The domestic shares rallied on Wednesday, with the NSE nifty50 went up 159 points at 10460.10, while the BSE Sensex was up 461.42 points on closing Wednesday.
Bajaj Finserve, Bajaj Finance, Zee Entertainment Eicher Motors and Axis bank were among major gainers while Bharti Infratel, Infosys, TCS were among top losers.
Benchmark indices ended lower on Tuesday as investors turned wary amid mixed global cues. Declining rupee and rising crude oil prices also put strain on stocks.
The BSE Sensex closed 174.91 points lower at 34,299.47, while the NSE Nifty50 ended 47 points, down at 10,301.05.
The benchmark indices bounced back sharply in the closing hours on Monday as stocks in banking, O&G, auto, FMCG and healthcare witnessed fresh spells of buying and short-covering by investors. The BSE Sensex ended higher by 97.39 points at 34,474.38 whereas the Nifty50 settled 31.60 points higher at 10,348.05 in trade.Continue reading