Here's how the Markets reacted to the RBI rate cut
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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.
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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
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HDFCMahindra & Mahindra
IndusInd Bank
NIFTY LOSERS
Vedanta
BPCL
Adani Ports
TOP TRADED ON NIFTY
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Axis BankICICI Bank
State Bank of India
VOLUME BUZZERS ON NSE
FAG Bearings
AstraZeneca Pharma
Kalyani Forge
52 WEEK HIGHS
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Can Fin HomesADF Foods
Filatex India
52 WEEK LOWS
ACC
Bharti Airtel
BHEL
ADVANCE DECLINE RATIOS
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NIFTY: 27/23SENSEX: 18/12
FUTURES: 98/66
BROADER MARKET: 1,171/1,151len
Image credit: Indiatimes
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