Sensex ends higher; RBI keeps key interest rate unchanged

The central bank has, however, slashed the Statutory Liquidity Ratio (SLR) or the percentage of deposits that banks have to park in government securities, by 0.5 % to 20 %.

The monetary policy committee had on Wednesday left the policy repo rate at a 6-and-a-half year low of 6.25 per cent and the reverse repo rate at 6.0 percent.

Mumbai: The BSE benchmark Sensex started on a positive note by recovering over 99 points in early trade today as the revised forecast of better monsoon enthused investors, who are keenly awaiting the RBI's bi-monthly policy meet outcome due later in the day.

Market breadth was negative with 1,067 advances against 888 declines.

The NSE 50-share Nifty also down 16.65 points or 0.17 percent to 9,647.25, after shuttling between 9,688.70 and 9,641.50.

This followed the RBI maintaining a "neutral" policy stance and lowering its inflation projections as it delivered a less hawkish policy statement on Wednesday, leaving key interest rates unchanged. All sectoral indices led by metal, auto, realty and bank stocks led the recovery, rising by up to 0.88%. London's FTSE edged higher 0.06 percent. "This prompted the rupee to strengthen against the United States dollar", Desai said. At 9.15am, the rupee was trading at 64.47, down 0.06% from its Tuesday's close of 64.43.

Life is Strange: Before the Storm Gameplay Unveiled During E3 2017
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UN Security Council sanctions more North Korean entities
This was the first resolution that both the U.S. and China , one of North Korea's allies, have agreed upon since U.S. Without giving details, Mattis also said the United States would take further steps to protect the USA homeland.

Man who shot congressman was living in van, called a loner
Also wounded was former congressional aide Matt Mika , who now works for Tyson Foods in its Washington office. He was squeezing off five or six rounds at a time and, according to the report, fired about 50 shots in all.

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) purchased stocks worth Rs 73.79 crore, while domestic institutional investors (DIIs) bought scrips worth Rs 166.22 crore.

The auto index also rose 0.70 per cent and closed at 24,251.06.

On the other hand, the S&P IT index plunged by 207.16 points and the Teck (technology, media and entertainment) index was down by 88.72 points.

The broader NSE Nifty ended 0.28 percent higher at 9,663.90, a day after it breached the 9,700 level for the first time.

The reproduction of the story/photograph in any form will be liable for legal action.

(Copyright © 2015. All Rights Reserved.)
 
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