For Quick Alerts
For Daily Alerts

Nifty ends higher as RBI keeps rates on hold


Nifty ends higher as RBI keeps rates on hold
The RBI's decision to keep interest rates on hold pushed markets higher as bank stocks surged following the decision. The Nifty ended the day higher by 78 points, while the Sensex ended the day higher by 271 points (provisional).


Banks stocks that gained maximum traction in trade were the PSU banking stocks. Among the notable gainers from the space were Canara Bank, Union Bank of India, Syndicate Bank, Oriental Bank and Allahabad Bank.

The only losers from the Nifty was Jindal Steel. Along with banks the other stocks that gained ground were rate sensitives like autos and real estate. DLF jumped almost 5 per cent, while other real estate stocks that gained were Anant Raj, HDIL and IndiaBulls.

Heavyweight, Reliance Industries also supported the markets in trade, jumping 2.82 per cent, after having fallen substantially in the last few trading sessions.

Pharma stocks were once again in the limelight with notable gainers being Cipla, Dr Reddy's and Sun Pharma. Wockhardt which had witnessed substantial gains on Monday rallied another 2 per cent in trade.

Glaxo Smithkline Pharma which had jumped following the open offer by its parent company ended the day flat.

Mid cap stocks also rallied in line with the broad markets and ended the day higher. Biocon jumped as much as 11 per cent in trade, while other gainers were Reliance Capital and Reliance Power.

Meanwhile, markets in Asia ended the day mixed while most of Europe was trading with substantial gains ahead of the Fed meet.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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