Sensex Nifty Rise as RBI Leaves Repo Rate no change at 5.15-pc

RBI-and-stocks2

Indian stock Benchmark indices closed the day higher for the fourth consecutive session after the Budget day.

Reserve Bank of India maintained the status quo on key policy rates and announced some relief measures for real estate and Micro, Small & Medium Enterprises sectors.

The Sensex benchmark ended 163-pts higher at 41,306, while the Nifty50 index of the NSE settled 49-points at 12,138.

Top five gainers from the Nifty were Eicher Motors, IndusInd Bank, Zee Entertainment, State bank of India, and Bajaj Finance, while Tata Motors, Cipla, Titan, Infosys and ITC led the losses.

Among sectoral Nifty indices, major buying was seen in PSU banking-up by 2.63 percent, Pharma rose 1.25-pc followed by Metal, Bank Nifty, Nifty Pvt bank which were up to 0.92 percent. On the downside, FMCG, IT and realty were seen some selling for the day. Avail stock market tips from our experts.

Housing Finance co stocks climbed after the RBI provided an extension of the timeline for commercial real estate projects, consequently the stocks positively impacted were PNB Housing, LIC housing and Indiabulls Housing, between 5 and 15-pc for the day.

Shares of Eicher Motors rose 5.35 percent or Rs.1042.95 to quote share price at Rs.20,530-apiece after the company’s profit at Rs.488.9-cr was lower by 2.5 percent for Q3.

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