Date: 24.01.2012
Goldennifty said, The National Stock Exchange's NSE Nifty was firmly placed above important resistance levels as sentiments turned bullish after the Reserve Bank of India cut Cash Reserve Ratio by 50 basis points to 5.5 per cent effective from January 28. The cut will inject Rs 32000 crore in the system.
The weak opening of European markets was discounted by the stock market trading in anticipation that beginning FY13, the central bank might start reversing the interest rate cycle.
The NSE Nifty was at 5128.75, up 82.50 points or 1.63 per cent. The broader index touched a high of 5141.05 and low of 5049.80 intraday.
The Bombay Stock Exchange's Sensex was at 17009.62, up 257.89 points or 1.54 per cent. The 30-share index touched a high of 17050.32 and low of 16770.01 in trade so far.
BSE Midcap Index was up 1.23 per cent and BSE Smallcap Index moved 0.56 per cent higher.
www.goldennifty.com
The weak opening of European markets was discounted by the stock market trading in anticipation that beginning FY13, the central bank might start reversing the interest rate cycle.
The NSE Nifty was at 5128.75, up 82.50 points or 1.63 per cent. The broader index touched a high of 5141.05 and low of 5049.80 intraday.
The Bombay Stock Exchange's Sensex was at 17009.62, up 257.89 points or 1.54 per cent. The 30-share index touched a high of 17050.32 and low of 16770.01 in trade so far.
BSE Midcap Index was up 1.23 per cent and BSE Smallcap Index moved 0.56 per cent higher.
www.goldennifty.com
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