Markets end higher after RBI policy announcement
DSIJ Intelligence / 07 Jun 2017
Indian capital markets traded higher on Wednesday. Nifty was able to sustain the level of 9650. Reserve Bank of India kept repo rate unchanged at 6.25 per cent, but cut the statutory liquidity ratio (SLR) by 50 basis points to 20 per cent.
Indian capital markets traded higher on Wednesday. Nifty was able to sustain the level of 9650. Reserve Bank of India kept repo rate unchanged at 6.25 per cent, but cut the statutory liquidity ratio (SLR) by 50 basis points to 20 per cent.
At the closing bell, Nifty ended at 9663 with gain of 26 points and BSE Sensex closed at 31271, an increment of 80 points. On the NSE, 37 shares closed in the green, while 14 shares ended the day in the red.
All indices closed in the green, except IT. Bankex, Auto and Healthcare indices increased more than 150 points each. Metals index also rose more than 100 points, whereas IT index declined 207 points. Mid-cap index increased 68 points and Small-cap index also rose 115 points.
Asian markets traded mixed on Wednesday. Shanghai increased 1.23 per cent, Hang Seng declined 0.09 points. Nikkei rose 0.02 per cent. European markets were trading on positive sentiments.
Derivative Analysis
Nifty Future closed in the positive at 9684. Going ahead, 9761/9580 will be the immediate support levels.
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