Here's how the Markets reacted to the RBI rate cut

Markets found a close ally in Raghuram Rajan, Reserve Bank of India's Governor, after he cut the repo rate by a huge 50 basis points to 6.75 percent. The surprise cut helped the Sensex and the Nifty to rebound sharply from intra-day losses and trade firmly in the green. Here is a snapshot of what is happening in the cash segment on the National Stock Exchange in afternoon trade on Tuesday.

BENCHMARK INDICES
Nifty gained 0.8% to 7,853 points
Sensex added 1% to 25,881 points

BROADER INDICES
CNX 100 Index rose 0.6% to 7,959 points
CNX 500 Index added 0.5% to 6,554 points.

SECTORAL INDICES
Bank Nifty rose 1.2% to 17,309 points
CNX PSU Bank Index jumped 1.9% to 3,182 points
CNX Finance Index added 1.8% to 7.055 points
CNX FMCG rose 0.6% to 19,543 points
CNX Metals fell 1.9% to 1,612 points
CNX Pharma slipped 0.8% to 12,742 points

NIFTY GAINERS
HDFC
Mahindra & Mahindra
IndusInd Bank

NIFTY LOSERS
Vedanta
BPCL
Adani Ports

TOP TRADED ON NIFTY
Axis Bank
ICICI Bank
State Bank of India

VOLUME BUZZERS ON NSE
FAG Bearings
AstraZeneca Pharma
Kalyani Forge

52 WEEK HIGHS
Can Fin Homes
ADF Foods
Filatex India

52 WEEK LOWS
ACC
Bharti Airtel
BHEL

ADVANCE DECLINE RATIOS
NIFTY: 27/23
SENSEX: 18/12
FUTURES: 98/66
BROADER MARKET: 1,171/1,151len

Image credit: Indiatimes