#RBI Rate Cut turn #stock market, surprisingly off the day

[priya sharma]

The indian market surprisingly off the day such deeply negative start can turn into boring, range bound session as the the RBI policy has come and gone and markets have stabilized.

During The day the sensex touches new high after the RBI beat expectations to cut benchmark policy rate by 50 basis points, providing a potential to counter rallied nearly 500 points from day's low on Tuesday at the end traded 162 points, or 0.63 per cent, higher at 25,778.66 while the 50-stock Nifty50 gained 57.60 points, or 0.61percent, to 7,843.30

Stock Tips Today

[priya sharma]

 

#Equity market lost ground for first time in last seven trading sessions due to profit booking in private banks, FMCG, oil and select pharma stocks. However, metals stocks bucked the trend. #Sensex fell 190.04 points or 0.70 percent to 26845.81 after rallying more than 1400 points in previous six consecutive sessions. #Nifty declined 48.05 points or 0.59 percent to 8129.35 today.

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