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Sensex reclaims 27,000-mark on RBI`s accommodative stance, zooms over 250 points
The accommodating monetary policy stance of the Reserve Bank of India despite a status quo on lending rates lifted the investors` mood and boosted sensex over 250 points on Tuesday.
Zee Media Bureau
Mumbai:The accommodating monetary policy stance of the Reserve Bank of India despite a status quo on lending rates lifted the investors` mood and boosted sensex over 250 points on Tuesday.
The 30-scrip Sensitive Index (Sensex), was trading 250 points higher during the afternoon session.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 43 points or 0.52 percent higher at 8,244.05 points.
The RBI on Tuesday left its key policy rates and reserve ratios unchanged, concerned over the slight rise in inflation and some domestic and global upside risks that have sprung up since April.
The decision was taken at the second bi-monthly policy review for the current fiscal by RBI Governor Raghuram Rajan at its Mumbai headquarters here.
The Sensex of the BSE, which opened at 26,833.54 points, is trading at 27,010 points (at 12.46 p.m.) in the afternoon session, higher 134.14 points or 0.50 percent from the previous day`s close at 26,777.45 points.
Almost all the sectors were trading in green. Good buying was observed in fast moving consumer goods (FMCG), metal, basic materials and realty sectors.