All banks are up while SBI gained 5 percent.The Reserve Bank of India surprised the market by cutting repo rate by 25 basis points to 7.75 percent from 8 percent, with immediate effect, ahead of its policy review on February 3.
09:19
Moneycontrol Bureau The market is celebrating RBI's surprise rate cut in style. The Sensex is up 566.65 points or 2 percent at 27913.47, after gaining almost 600 points in opening. The Nifty is up 147.65 points or 1.7 percent at 8425.20. About 574 shares have advanced, 84 shares declined, and 228 shares are unchanged. All banks are up while SBI gained 5 percent.The Reserve Bank of India surprised the market by cutting repo rate by 25 basis points to 7.75 percent from 8 percent, with immediate effect, ahead of its policy review on February 3.
The Indian rupee gained 30 paise in the early trade. It has opened at 61.88 per dollar versus 62.18 Wednesday.
The dollar nurses losses, having retreated across the board after a surprisingly big fall in US retail sales pulled US yields sharply lower. Mohan Shenoi of Kotak Mahindra Bank said, "Global markets are swinging between risk-on and risk-off based on US data and growth/deflation scare. The dollar is showing mixed trends by holding stable against Euro while mildly losing ground to Yen and GBP. The USD-INR is expected to trade in a range of 62-62.30/dollar today."
US markets saw a decline for the fourth straight day as December retail sales failed to meet expectations. The US 10-year treasury yield fell 6 basis points to 1.84 percent.
European markets too closed with sharp losses. The FTSE was down 2.4 percent and CAC down 1.6 percent.
Asian markets are mixed in morning trade. Japan's core machinery orders increased by a smaller-than-expected 1.3 percent for the month of November and the reading is significantly lower than a 5.0 percent rise forecast but an improvement from a 6.4 percent decline in October.
In commodities, crude prices surge, posting biggest one-day percentage gain in more than two years. Brent surges over 3 percent to trade above USD 48 dollars per barrel. And precious metal gold gain to USD 1230 an ounce but a rout in other commodities put some pressure on the metal.
Anda sedang membaca artikel tentang
Sensex soars 600 pts, Nifty above 8400 post RBI rate cut
Dengan url
https://segarsaries.blogspot.com/2015/01/sensex-soars-600-pts-nifty-above-8400.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Sensex soars 600 pts, Nifty above 8400 post RBI rate cut
namun jangan lupa untuk meletakkan link
Sensex soars 600 pts, Nifty above 8400 post RBI rate cut
sebagai sumbernya
0 komentar:
Posting Komentar