You are here: Home » Markets » News
Business Standard

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

Catch all live market action here

Topics
Markets

SI Reporter  |  New Delhi 

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
199.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Amex/Master/VISA Credit Cards and VISA Debit Cards Only
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital
Subscribe Now and get 12 months Free

Business Standard Premium Digital - 12 Months + 12 Months Free
1799.00
subscribe
Subscribe for 12 months and get 12 months free.
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice -all Credit and Debit Cards, Net Banking, Payment Wallets, and UPI
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer's permission we will charge your card/ payment instrument each month automatically and renew your subscription.
  • In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
  • We do not Refund.
  • No Questions asked Cancellation Policy.
  • You can cancel future renewals anytime including immediately upon subscribing but 48 hours before your next renewal date.
  • Subject to the above, self cancel by visiting the "Manage My Account“ section after signing in OR Send an email request to assist@bsmail.in from your registered email address and by quoting your mobile number.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

Market rundown by  Anand James, Chief Market Strategist of Geojit Financial Services    Domestic indices edged higher buoyed by PSUs after RBI decided to maintain status quo on repo despite a cut in the growth forecast. The expectations of GST related headwinds subsiding in the second half shall underpin sentiments and market's focus will now shift to GST council meeting on Friday expecting rate reductions.

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

Nifty Chart for the day Source: NSE

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

Sectoral Trend Source: NSE

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

CLICK HERE for fey takeaways from RBI 'status quo' policy statement

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

RBI's very cogent view: Do not expect a repo rate cut before 2018   There was no expectation of any rate cut this time but what was of interest in the Monetary Policy Statement was the analysis provided by the RBI on the state of the economy and the outlook for the year. Click here to find the 3 things that stood out at the policy

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

Nifty Bank ended flat post the policy outcome, up 0.04%. However, Nifty PSU Bank index ended 0.6% higher led mainly by gains in Indian Bank, Syndicate Bank, Andhra Bank and SBI.

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

Top Sensex gainers and losers Source: BSE

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

Broader Markets In broader markets, BSE Midcap index underperformed benchmark indices a bit, ending 0.4% higher while the BSE Smallcap index out-performed the frontline indices, settling 0.8% higher.

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

Markets at close Benchmark indices ended higher with Nifty50 index comfortably above 9,900 after the Reserve Bank of India’s (RBI’s) six-member Monetary Policy Committee (MPC), headed by Governor Urjit Patel, on kept the repo rate unchanged at 6%, in a decision that was broadly in line with expectations. The S&P BSE Sensex ended at 31,671, up 174 points while the broader Nifty50 index settled at 9,914, up 55 points

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

CLICK HERE FOR FULL TEXT OF RBI POLICY RBI governor Urjit Patel

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

Rate sensitive shares trade firm post RBI policy   Shares of rate sensitive sectors such as financials, automobiles and real estate were trading firm after the Reserve Bank of India (RBI) kept the repo rate and reverse repo rate unchanged at 6% and 5.75%, respectively, at Wednesday's monetary policy review, keeping in line with what analysts and experts had forecast. READ MORE

First Published: Wed, October 04 2017. 15:32 IST
RECOMMENDED FOR YOU

Sensex ends 174 pts higher, Nifty above 9,900 post RBI policy outcome

Catch all live market action here

image
Business Standard
177 22