Tuesday, December 18, 2012

Market Today : RBI Policy Updates

The Sensex was up 66 points at 19,310 and theNifty was up 18 points at 5876. There was not much activity in small and midcap shares in early trade.

Brokers said the market is consolidating its gains, and that near term outlook remains positive on hopes that the government will be able to keep up the pace of reforms.

Jet Airways and BHEL figure among the key gainers, up around 2 percent each. JP Power was the top loser, down 6 percent. Other laggards included IPCA Lab, Oriental Bank, Union Bank and IRB Infra, all down about 1 percent each.

RBI Policy Updates :-

1. RBI keeps key policy rates unchanged
2. RBI keeps repo rate unchanged at 8.00%
3. RBI holds cash reserve ratio at 4.25%

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Posted By Commodity MCX Tips