RBI governor's decision work as vigor in the market. After RBI cut the repo rate by 0.25 percent Sensex and Nifty managed to reach a record high. Sensex and Nifty are seeing the strength of 1 percent. The Sensex for the first time exceeded 30000, the Nifty has managed to go over 9100. Sensex today touched the record upper level of 30024.74, the Nifty reached 9119.20.
Midcap and smallcap stocks are in buying trends. BSE Midcap and Smallcap index was 0.5 percent up. Realty, banking, FMCG and pharma stocks seems most buying. Bank Nifty is looking strong by 1.5 per cent. Metal stocks are under pressure.
The BSE 30-share index Sensex 274 points ahead with 1 percent growth is trading at 29868. The NSE 50-share Nifty index 69 points i.e rose 0.75 percent and trading at the level of 9065.
During the market Sun Pharma, DLF, Bank of Baroda, PNB, Kotak Mahindra Bank, ICICI Bank, Bharti Airtel, Tata Motors and HDFC like heavyweight stocks have gained 5 to 1.9 percent. However Ambuja Cement, Coal India, Hindalco, ACC, Ultratech Cement, Gail, Tata Power and Wipro like giant shares decline from 1.4 to 0.5 percent.
In midcap stocks Essar Ports, NBCC, Jaiprakash Associates, Sun Pharma Advanced and BF Utilities most have moved from 7.3 to 6.5 percent. The smallcap stocks Andrew Yule, AGC Networks, APL Apollo, Camlin Fine and EPC Irrigation gained most from 9.6 to 5.1 percent.
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