The RBI Sixth bimonthly monetary policy review kept its repo rate unchanged at 6.25% today, opting to wait for more clarity on inflation trends. Marginal Standing Facility (MSF) and Bank rate kept unchanged at 6.75%.
Markets seen high volatility as the news came out that repo rates are unchanged at 6.25%, while NSE Nifty50 gained 0.75 pts at 8769.05. The broader markets outshined, with the BSE Midcap index rising 0.5%. About 1509 shares advanced against 1365 declining shares on the exchange.
BSE Energy closed up by 0.44%, BSE FMCG closed down by 0.54%, BSE Healthcare closed down by 0.34%. BSE IT closed flat, down by 0.04%. BSE Telecom Index closed up by 0.73%. BSE Consumer Durables recorded gains of almost 2.63%. BSE Oil&Gas closed up by 0.85% and BSE Realty closed up by 1.22%.
Movers and Shakers:
BHEL closed at Rs 156.80 per share, up by Rs 4.70 per share or 3.09%. Bharti Infratel closed at Rs 310 per share, up by Rs 8.70 per share or 2.89%. Titan closed at Rs 422.60 per share, up by 7.41%. LT Foods Ltd closed at Rs 60.90 per share, up by Rs. 10.15 per share or 20%. Indiabulls-VL closed at Rs 28.45 per share, up by Rs 4.70 per share or 19.79%. Kopran gained at Rs 70.40 per share, up by Rs 8.50 or 13.73%.