Though RBI Governor D. Subbarao played safe keeping the CRR and repo rate unchanged, the stock market took the shock in its chin as it was more or less anticipated.
The Reserve Bank of India, in its mid-quarter monetary policy review, has kept the repo rate unchanged at 7.25 per cent and cash reserve ratio at 4 per cent. It has also left the reverse repo rate unchanged at 6.25 per cent.
At 1.25 p.m., the 30-share BSE index Sensex was up 82 points (0.43 per cent) at 19,259.93 and the 50-share NSE index Nifty was up 25.4 points (0.44 per cent) at 5,833.80.
On the BSE, capital goods and healthcare stocks were the major gainers and were up 1.07 per cent and 0.86 per cent, respectively, followed by consumer durables 0.84 per cent and auto 0.81 per cent.
On the other hand, metal and PSU stocks lost investors' support and were down by 0.16 per cent and 0.12 per cent, respectively.
Among 30-share Sensex, M&M, Sun Pharma, Bharti Airtel, HDFC and BHEL were the top five gainers, while the top five losers were Tata Motors, Hindalco, Sterlite, Dr Reddy's and TCS.
The Reserve Bank of India, in its mid-quarter monetary policy review, has kept the repo rate unchanged at 7.25 per cent and cash reserve ratio at 4 per cent. It has also left the reverse repo rate unchanged at 6.25 per cent.
At 1.25 p.m., the 30-share BSE index Sensex was up 82 points (0.43 per cent) at 19,259.93 and the 50-share NSE index Nifty was up 25.4 points (0.44 per cent) at 5,833.80.
On the BSE, capital goods and healthcare stocks were the major gainers and were up 1.07 per cent and 0.86 per cent, respectively, followed by consumer durables 0.84 per cent and auto 0.81 per cent.
On the other hand, metal and PSU stocks lost investors' support and were down by 0.16 per cent and 0.12 per cent, respectively.
Among 30-share Sensex, M&M, Sun Pharma, Bharti Airtel, HDFC and BHEL were the top five gainers, while the top five losers were Tata Motors, Hindalco, Sterlite, Dr Reddy's and TCS.
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