For Quick Alerts
For Daily Alerts

Markets jump on rate cuts hopes, strong European cues

Markets jump on rate cuts hopes, strong European cues
Markets rallied and recouped most of Wednesday's losses as hopes grew that the Reserve Bank of India would cut rates on March 19 and on robust gains across Europe. The Sensex ended the day higher by 209 points, while the Nifty ended with gains of 31 points.

Today, the shares of these private sector banks were rocking despite allegations. ICICI Bank closed at 2.29 per cent at Rs 1110. Axis Bank was up 0.50 per cent and HDFC Bank closed above 2 per cent.

Investors do not seem to have taken the allegations seriously, even if they are true.

The Wholesale Price Index inflation for the month of Feb 2013 has come in at 6.84 per cent, higher then consensus estimates, increasing the challenge for the RBI when it meets on March 19 to decide on interest rate cuts.

Among sectoral indices all the sectors were trading in positive terrain except Consumer Durables which was down by 1.54%.

Top gainers in today's trade were State bank of India, Maruti, Ranbaxy, Tata Power and Asian Paints. Losers in today's trade were Bajaj Auto, Gail, Bharti Airtel, Sun Pharma and Hero Motocorp.

Meanwhile, Asian markets closed on a positive note. The UK's FTSE, the French CAC and the Spanish Indices were trading higher.

Read more about: sensex nifty
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more