Bull run on D-Street: Hawkish RBI action helps Nifty reclaim 25,000 as rate-sensitive stocks cheer repo, CRR moves

Bull run on D-Street: Hawkish RBI action helps Nifty reclaim 25,000 as rate-sensitive stocks cheer repo, CRR moves

Indian indices rallied significantly in Friday’s trade after the RBI’s rate cut move to the tune of 50 basis points. At the close, Nifty50 settled above 25,003.05,up 1.02 per cent or 252.15, while the Sensex settled higher by 0.92 per cent or 746.95 at 82,188.99. Meanwhile, the Bank Nifty after RBI’s good enough liquidity push…

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First Trade: Nifty up above 24,660; Dr. Reddy’s Laboratories emerges as top Nifty50 gainer after double-upgrade

First Trade: Nifty up above 24,660; Dr. Reddy’s Laboratories emerges as top Nifty50 gainer after double-upgrade

Indian equities in Thursday’s session opened higher tracking positive global cues as markets await the key RBI policy outcome due to be delivered tomorrow. At the open, Nifty50 index traded higher by 42.65 points or 0.17 per cent at 24,662.85. Meanwhile, Bank Nifty traded higher by 0.03 per cent at 55,695. From the broader markets,…

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