Markets Closed Lower, RBI Repo-Rate Cut Fail To Cheer Street

Benchmark indices extended fall with the Nifty50 falling below its key level of 11,600. The RBI reduced repo-rate by 25bps to 6% today, in line with expectation and kept the stance unchanged to Neutral. The Nifty IT index was the Read more

Mid-Market Watch: MindTree zooms at Nifty IT index

Shares of IT consultancy company Mindtree Ltd, after having soared 3 percent intraday, Thursday, after the company reported Q3 revenue at USD 251.5 mn, that is up 2.1 percent on quarter-on-quarter. As per results released, its revenue in constant currency spiked 2.4 Read more

Sensex, Nifty trade higher, Top Stocks today

Share benchmarks climbed for the third consecutive session on Wednesday amid rising crude oil prices and strength in domestic currency. The rupee opened at a 2-week high of 73.41 per US dollar against previous close 73.46.
The BSE Sensex surged 265 points at 35427-mark and the Nifty up 71 points at 10,655-level at the time of thi8s reporting

Report by SEBI Registered Stock Advisory Company

Markets end higher, Nifty IT ends higher

Stock markets ended in the positive territory on Monday as the Reserve Bank of India today announced steps to shore up liquidity. The RBI announced that it will pro up Rs 36,000 crore liquidity into the system through purchase of govt bonds in October to meet the festival season demand for funds.

Today’s stock rally was led by gains in HDFC, TCS, Infosys and HDFC Bank. The BSE Sensex closed 299.00 points higher at 36,526.14. The NSE Nifty edged up 77.85 points to finish at 11,008.