The rate cut by the Reserve bank of India sent a wave of happiness in today’s market. Markets traded in a narrow range throughout the day after the credit policy was to roost. Sensex and Nifty rose by about 0.5 percent are closed. In today’s fast was able to go up to 28400 Sensex, the Nifty was knocked to 8783.65. The Sensex finally closed around 28350, the Nifty has managed to survive over 8750.
Midcap and Smallcap stocks too were buy side. The BSE Midcap Index was 0.5 percent, to close at 13550. The BSE Smallcap index was down 0.7 percent, and closed above 13,200.