Reuters Market Eye - The BSE Sensex gains 0.14 percent, while the Nifty is flat. IT stocks rise on value buying after the recent sell-off. Infosys Ltd up 1.1 percent after a steep fall of 22 percent in April on the back of poor March quarter results, while Tata Consultancy Services Ltd gains 1.9 percent.
Rate-sensitives like ICICI Bank Ltd falls 1.5 percent while HDFC Bank Ltd is down 1.3 percent, after the RBI cautioned it has limited room for further monetary easing, overshadowing the 25 basis point cut in key interest rate.
(Reporting by Abhishek Vishnoi)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app