Sensex, Nifty in green post RBI policy

The BSE Mid-cap Index is trading down 1.17% at 10,450 whereas BSE Small-cap Index is trading down 0.94% at 10,814.

Acceding to the growing voices for a rate cut from the Indian industry at large and perhaps exceeding their expectations, Reserve Bank of India, in its fourth bi-monthly monetary policy of the current fiscal, has cut the repo rate by 50  basis points to 6.75%, its lowest since May 2011. The cash reserve ratio (CRR), currently at 4 per cent, expectedly was kept the same.

At 11:05 AM, the S&P BSE Sensex is trading at 25,598 down 19 points, while NSE Nifty is trading at 7,816 up 20 points.

The BSE Mid-cap Index is trading down 1.17% at 10,450 whereas BSE Small-cap Index is trading down 0.94% at 10,814.

Some buying activity is seen in IT sector, while banking, auto, pharma, oil&gas, capital goods and realty sectors are showing weakness on BSE.

BHEL, Infosys, Coal India and TCS are among the gainers, whereas Vedanta, Hindalco, ICICI Bank, Axis Bank, Tata Steel and Bharti Airtel are losing sheen on BSE.

The India VIX (Volatility) index rose nearly 6% to 23.06.

A total of 10 stocks registered a fresh 52-week high in trades today, while 43 stocks touched a new 52-week low on the NSE.