Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are the gainers.
At 12:28PM, the S&P BSE Sensex is trading at 27,967 up 620 points, while NSE Nifty is trading at 8,460 up 183 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are the gainers.
HDFC, ICICI Bank, SBI, M&M, Tata Power, Axis Bank, HDFC Bank, Coal India, L&T, Wipro are among the gainers, whereas Hindalco, Tata Steel, GAIL are losing sheen on BSE.
The RBI has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8% to 7.75% with immediate effect. The RBI will keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4% of net demand and time liabilities (NDTL). Consequently, the reverse repo rate under the LAF stands adjusted to 6.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 8.75 per cent with immediate effect.
Finance Minister Arun Jaitley is reportedly planning to announce an increase of Rs 1-2/litre in the road cess on petrol and diesel.
According to reports, the government is planning to extend the credit period for dues to Airports Authority of India (AAI) till the end of January for Spicejet.
The coal ministry is planning to put on offer about 25 coal blocks with over eight billion tonnes of reserves for state and central government companies, according to reports.
Yes Bank Ltd has announced that the Board of Directors of the Bank at its meeting held on January 14, 2015, have approved the proposal to seek approvals from the Regulators for setting up Asset Management Business and Primary Dealership business.
The real estate stocks are the second biggest gainers this morning following the banking shares after the RBI in a surprise move cut repo rates by 25 basis points.
The CNX Realty index has rallied 3 per cent to 201. The buying in the real estate stocks is in anticipation of lending rate cuts by banks following the RBI move.
Shares of PC Jeweller rallied 6% to Rs 234 after report said that government has designated the company as nominated agency for direct import of precious metals to be used for domestic business.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, Oil and gas, healthcare metal, realty indices are the gainers.
HDFC, ICICI Bank, SBI, M&M, Tata Power, Axis Bank, HDFC Bank, Coal India, L&T, Wipro are among the gainers, whereas Hindalco, Tata Steel, GAIL are losing sheen on BSE.
The RBI has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8% to 7.75% with immediate effect. The RBI will keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4% of net demand and time liabilities (NDTL). Consequently, the reverse repo rate under the LAF stands adjusted to 6.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 8.75 per cent with immediate effect.
Finance Minister Arun Jaitley is reportedly planning to announce an increase of Rs 1-2/litre in the road cess on petrol and diesel.
According to reports, the government is planning to extend the credit period for dues to Airports Authority of India (AAI) till the end of January for Spicejet.
The coal ministry is planning to put on offer about 25 coal blocks with over eight billion tonnes of reserves for state and central government companies, according to reports.
Yes Bank Ltd has announced that the Board of Directors of the Bank at its meeting held on January 14, 2015, have approved the proposal to seek approvals from the Regulators for setting up Asset Management Business and Primary Dealership business.
The real estate stocks are the second biggest gainers this morning following the banking shares after the RBI in a surprise move cut repo rates by 25 basis points.
The CNX Realty index has rallied 3 per cent to 201. The buying in the real estate stocks is in anticipation of lending rate cuts by banks following the RBI move.
Shares of PC Jeweller rallied 6% to Rs 234 after report said that government has designated the company as nominated agency for direct import of precious metals to be used for domestic business.
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