As RBI cuts repo rate to 0.25 percent the Indian market has great beginning. Sensex gained 461 points and Nifty have gone beyond the critical level of 8400. Mid-smallcap stocks have seen buoyant from 1.10 to 0.94 percent.
The BSE 30-share Sensex index 461.32 points with 1.69 percent up is trading at 27808. The main index of the NSE 50-share Nifty gained 129.45 points, i.e 1.56 percent has come to 8407's level.
All sectors are trading with gains in market and in reality the highest increase of 3.15 percent has been seen. Bank stocks have seen 2.92 percent rise. Power shares 1.26 percent, capital goods 1.24 percent and FMCG stocks rise strongly with 1.21 percent. Auto and Oil & Gas stocks are trading with rise from 1.15 to 1.05 percent.
Veterans shares like SBI, ICICI Bank, HDFC, PNB, Axis Bank and Bank of Baroda is up from 4.51 to 2.88 percent. Jindal Steel 2.45 percent and DLF 2.74 percent above. In falling giant shares Asian Paints 0.68 percent and Hindalco with 0.63 percent mostly doing business.
In midcap stocks PC jeweller, Indiabulls Real Estate, Kirloskar Oil, Oberoi Realty and Allahabad Bank has gained by 8.70 to 5.1 percent and Tilak Finance, Berger Paints, NIIT Tech, Torrent Pharma and Apollo Hospital fall from 4.97 to 0.84 percent.
Smallcap stocks Ojas asset, Star Ferro, Tech Solutions, Mayur Unikoter, Genesis International rise from 19.57 to 7.95 percent and the smallcap falling stock like Tarang projects, Flacksitaf International, Nitin Fire and ITI fell from 20 to 3.41 percent.
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