At 9:31AM, the S&P BSE Sensex is trading at 28,019 down 56 points, while NSE Nifty is trading at 8,465 down 26 points.
The BSE Mid-cap Index was trading down 0.15%, while BSE Small-cap Index was trading flat.
Consumer Durables indices is only the gainer, while Auto, Power, banking, capital goods, FMCG, healthcare, metal, realty, Oil and gas indices are the losers.
A pleasant surprise was all that was the needed for the market to fire on all cylinders. The repo rate cut by 25bps when the street was expecting it to come through in February policy meeting, at the earliest is a big sentiment booster for the business community and the stock market. Yet, the fact remains that no immediate impact would be seen on prevailing interest rates, since both short and long term bond yields have already softened driven by benign liquidity conditions.
The Finance Minister said reduction in rates will lead to more money in the hand of the consumers and result in greater spending and is positive for the Indian economy.
India's trade deficit declined to 10-month low of US$9.43 bn in December mainly on account of falling imports due to slump in crude prices, though exports too have come down.
IMF Managing Director Lagarde said she doesn’t she Greece leaving the Euro zone, deflation is a huge concern for the Euro zone.
The BSE Mid-cap Index was trading down 0.15%, while BSE Small-cap Index was trading flat.
Consumer Durables indices is only the gainer, while Auto, Power, banking, capital goods, FMCG, healthcare, metal, realty, Oil and gas indices are the losers.
A pleasant surprise was all that was the needed for the market to fire on all cylinders. The repo rate cut by 25bps when the street was expecting it to come through in February policy meeting, at the earliest is a big sentiment booster for the business community and the stock market. Yet, the fact remains that no immediate impact would be seen on prevailing interest rates, since both short and long term bond yields have already softened driven by benign liquidity conditions.
The Finance Minister said reduction in rates will lead to more money in the hand of the consumers and result in greater spending and is positive for the Indian economy.
India's trade deficit declined to 10-month low of US$9.43 bn in December mainly on account of falling imports due to slump in crude prices, though exports too have come down.
IMF Managing Director Lagarde said she doesn’t she Greece leaving the Euro zone, deflation is a huge concern for the Euro zone.
No comments:
Post a Comment