Markets recover after monetary policy outcome
DSIJ Intelligence / 06 Apr 2017
Indian capital markets remained flat to negative on Thursday as RBI’s monetary policy committee kept the repo rate unchanged, while it increased the reverse repo rate to 6 per cent. Nifty traded above the level of 9250.
Indian capital markets remained flat to negative on Thursday as RBI’s monetary policy committee kept the repo rate unchanged, while it increased the reverse repo rate to 6 per cent. Nifty traded above the level of 9250.
At the closing bell, Nifty ended at 9261, with loss of 3 points and BSE Sensex closed at 29927, with reduction of 46 points. On the NSE, 26 shares closed in the green, while 25 shares ended the day in the red.
All indices closed in the red, except IT, Metals and Oil & Gas. Consumer Durables and Healthcare reduced 100 points each. Bankex also declined 18 points. Oil & Gas increased 127 points. IT and Metals rose 14 points and 48 points, respectively. Mid-cap index increased 20 points while Small-cap reduced 33 points.
Asian markets traded mixed on Thursday. Shanghai increased 0.33 per cent, Hang Seng decreased 0.52 per cent, Nikkei also dropped 1.4 per cent. European markets were trading mixed.
Derivative Analysis
Nifty Future closed in the negative at 9263. Going ahead, 9322/9211 will be the immediate support levels.
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