Mid-Market: April 5

The Indian markets are in negative terrain today after the RBI cut the repo rate by 25 bps in its bi-monthly monetary policy review. Today’s rally was primarily led into negative by the Bankex, Capital Goods and Auto which was down by 400, 205 and 290 points, respectively. All other sectors are also trading in the negative. Nifty was trading down by more than 111 points, a decrease of 1.43 per cent at 7647; and Sensex is down by 343 points, a decrease of 1.35 per cent at 25055.

The advance-decline ratio showed the same trend as most of the stocks were trading in red. 740 scrips were trading in the positive territory; 1503 scrips were in red; however, 101 stocks remained unchanged on the NSE.

Top Nifty Gainers: Power Grid Corporation is leading the gainers' list as it was trading up by close to 0.87 per cent followed by BPCL, Lupin, which were up 0.79; 0.19 per cent respectively.

Top Nifty Losers: Adani Ports is leading the losers' list down more than 4.91 per cent, followed by ICICI Bank and Bharti Airtel which are down by 4.44 per cent and 4.09 per cent respectively.

All the major sectors were trading in red. BSE Bankex was leading the way with loss of 408 points, followed by BSE Auto and BSE Capital Goods which are trading down by 290 and 244 points. BSE Small Cap is trading down by 106 points and BSE Mid Cap index is trading down by 101 points.

Buzzer: - Biocon is buzzing in trade as it was trading up by 7 per cent quoting Rs 525 because Morgan Stanley upgraded the stock recommendation to strong Buy.