Markets have gained momentum after the announcement of RBI’s monetary policy. RBI has left repo rate unchanged and has hiked CRR by 25 bps to 8.25% from 8%. At 12:35 am (IST), the BSE 30-share Sensex is up 227 points at 17, 243 and NSE Nifty is up 58 points at 5, 147.
Also, the realty sector is up by 1% with price increases in stocks like DLF which is up by over 3.5%, Parsvnath which has increased by over 2% and Unitech which has risen by over 2.5%.
Cairn India has risen by over 1.5% to Rs263 after the company announced its Q1 results with profit at Rs116cr (up 205%) and net sales at Rs316cr (34%). The scrip has touched an intra-day high of Rs265 and a low of Rs257 and has recorded volumes of over 31, 00, 000 shares on NSE
Resources- indiainfoline.com
Banking stocks are trading higher. The BSE BANKEX is up by 2.6%. ICICI Bank has gained by over 3% to Rs923, SBI has surged by over 2.5% to Rs1,786, Bank of India is up by over 1.5% to Rs339 and Yes Bank has risen to Rs172 by over 2.5%.
Auto stocks are showing some strength with gains in stocks like M&M which has gained by over 1% to Rs643, Hero Honda which is up by 5.5% and Ashok Leyland which has surged by over 1.5% to Rs40.Also, the realty sector is up by 1% with price increases in stocks like DLF which is up by over 3.5%, Parsvnath which has increased by over 2% and Unitech which has risen by over 2.5%.
Cairn India has risen by over 1.5% to Rs263 after the company announced its Q1 results with profit at Rs116cr (up 205%) and net sales at Rs316cr (34%). The scrip has touched an intra-day high of Rs265 and a low of Rs257 and has recorded volumes of over 31, 00, 000 shares on NSE
Resources- indiainfoline.com
0 comments:
Post a Comment