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

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SI Reporter  |  New Delhi 

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

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