20 April 2010 Closing Market Updates 15:32
Today market opened positive on the basis of positive Asian markets.In the monetary policy declared today,the Reserve Bank of India raised the repo, reverse repo rates and the CRR by 25 basis points each. This means that the CRR is hiked to 6% from 5.75%, the reverse repo is raised to 3.75% from 3.5% and the repo is increased to 5.25% from 5%. The policy rates are effective immediately, while the CRR hike will be effective from April 24. The CRR hike is expected to take away Rs 12,500 crore from the system.
After that market jumped to its day high and closed in green.
Nifty closed at 5234.70 gaining 31.05 points after making day high of 5257.25.Sensex closed at 17461.36 with 60.68 points gain.
All BSE Sectoral Indices closed positive except IT & FMCG.Realty was the top gainer with 2.76%
Gail was the top gainer in Nifty50 stocks.It closed at 426.10 with 5.38% gain while top loser,TCS closed at 789 with 2.83% down.
Overall market breadth was positive to 3.86 : 1 as 1033 stocks gained and 267 stocks declined today on NSE.
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