The Reserve Bank of India governor Dr. Raghuram Rajan surprised the Dalal Street by keeping key policy rates unchanged on hopes that the inflation will fall going ahead.
Reserve Bank of India left Repo Rate unchanged at 7.75 percent and CRR ( Cash Reserve Ratio) at 4 percent.
The marginal standing facility (MSF) remained unchanged at 6.75 %, and the liquidity adjustment facility (LAF) rate was also kept unchanged In its mid quarter monetary policy meet on Wednesday.
The street cheered RBI policy on the day with the Sensex up by more than a percent. The Bombay Stock Exchange's Sensex surged 247 points to close at 20,860 and the NSE's Nifty climbed 78 points to 6,217.
Led by rate sensitive stocks of the 50-share Nifty pack 46 stocks ended with gains while the rest 3 stocks closed with losses. The top 5 gainers among NSE stocks are: Bhel surging by 6.32 %, followed by realty leader DLF (5.63 %), Punjab National Bank (4.74 %), Indusind Bank (4.29 %) and Bajaj Auto (4.08 %). The losers among NSE socks are: Jindal Steel (0.87 %), Sesa Sterlite Ltd. (0.57 %), and Ultratech Cement (0.27 %) and one stock NMDC remains unchanged.
Of the 30 shares of BSE index, 27 stocks ended in positive terrain, while the rest 3 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Bhel surging by 5.70 %, followed by Tata Power (4.04 %), Bajaj Auto (3.87 %), Hero Moto Corp (3.14 %) and LNT (2.83 %). The top losers of the Sensex basket were: Jindal Steel (1.55 %), Sesa Sterlite Ltd. (0.74 %), and ICICI Bank (0.13 %).
All NSE mid cap and NSE small cap index closed higher by about 0.5 % to 3 %. Top 3 gainers in NSE sectoral index are - NSE Realty up by 3.39 %, NSE PSU Bank up by 3.03 % and NSE Energy up by 2.15 %.
Apart 14 out of Nifty's 50 stocks also formed the Bullish Bar Reversal Pattern on the technical chart including Nifty and Bank Nifty.
The marginal standing facility (MSF) remained unchanged at 6.75 %, and the liquidity adjustment facility (LAF) rate was also kept unchanged In its mid quarter monetary policy meet on Wednesday.
- Trend Chart of Repo and Reverse Repo Rate
- Historical Chart of SLR and CRR Rates
The street cheered RBI policy on the day with the Sensex up by more than a percent. The Bombay Stock Exchange's Sensex surged 247 points to close at 20,860 and the NSE's Nifty climbed 78 points to 6,217.
Led by rate sensitive stocks of the 50-share Nifty pack 46 stocks ended with gains while the rest 3 stocks closed with losses. The top 5 gainers among NSE stocks are: Bhel surging by 6.32 %, followed by realty leader DLF (5.63 %), Punjab National Bank (4.74 %), Indusind Bank (4.29 %) and Bajaj Auto (4.08 %). The losers among NSE socks are: Jindal Steel (0.87 %), Sesa Sterlite Ltd. (0.57 %), and Ultratech Cement (0.27 %) and one stock NMDC remains unchanged.
Of the 30 shares of BSE index, 27 stocks ended in positive terrain, while the rest 3 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Bhel surging by 5.70 %, followed by Tata Power (4.04 %), Bajaj Auto (3.87 %), Hero Moto Corp (3.14 %) and LNT (2.83 %). The top losers of the Sensex basket were: Jindal Steel (1.55 %), Sesa Sterlite Ltd. (0.74 %), and ICICI Bank (0.13 %).
All NSE mid cap and NSE small cap index closed higher by about 0.5 % to 3 %. Top 3 gainers in NSE sectoral index are - NSE Realty up by 3.39 %, NSE PSU Bank up by 3.03 % and NSE Energy up by 2.15 %.
Nifty Daily Technical Chart
Nifty Weekly Technical Chart
charts by chartink.com
Apart 14 out of Nifty's 50 stocks also formed the Bullish Bar Reversal Pattern on the technical chart including Nifty and Bank Nifty.
Stock Formed Bullish Bar Reversal Pattern on Technical Chart
| Stock Name | Open | High | Low | Prev. High | Prev. Low | Prev. Close | Bar Reversal |
|---|---|---|---|---|---|---|---|
| CNX Nifty | 6129.95 | 6236 | 6129.95 | 6190.55 | 6133 | 6139.05 | Strong Bullish |
| Bank Nifty | 11129.65 | 11572.3 | 11117.45 | 11418.1 | 11178 | 11208.65 | Bullish Signal |
| AXIS BANK LIMITED | 1250.1 | 1305 | 1248 | 1280.3 | 1248.35 | 1256.1 | Strong Bullish |
| BANK OF BARODA | 642 | 672.6 | 641.9 | 667.85 | 644.3 | 648.1 | Bullish Signal |
| BHEL | 153.25 | 164.65 | 153.25 | 157.95 | 153.4 | 154.35 | Strong Bullish |
| COAL INDIA LTD | 276.65 | 283.45 | 276.65 | 287.9 | 277.2 | 278.45 | Bullish Signal |
| HDFC BANK LTD | 650.5 | 680.65 | 649.55 | 675.65 | 654.05 | 657.6 | Bullish Signal |
| HINDALCO INDUSTRIES LTD | 116.65 | 118.45 | 116.05 | 119 | 116.1 | 116.45 | Bullish Signal |
| HINDUSTAN UNILEVER LTD. | 555.25 | 561 | 552.5 | 559.8 | 554.35 | 556.85 | Bullish Signal |
| ICICI BANK LTD. | 1088.4 | 1132.7 | 1081.55 | 1121.5 | 1090.15 | 1098.3 | Bullish Signal |
| NTPC LTD | 134.95 | 136 | 134.4 | 138.05 | 134.55 | 134.95 | Bullish Signal |
| OIL AND NATURAL GAS CORP. | 276 | 282.6 | 273 | 279.6 | 273.8 | 274.7 | Strong Bullish |
| POWER GRID CORP. LTD. | 95 | 101.7 | 94.75 | 99.25 | 97.85 | 98.7 | Strong Bullish |
| TATA MOTORS LIMITED | 367 | 370.85 | 362.5 | 374.95 | 364.65 | 366.85 | Bullish Signal |
| TATA POWER CO LTD | 87.35 | 92.1 | 87.35 | 91.3 | 87.65 | 88.05 | Strong Bullish |
| WIPRO LTD | 517.9 | 523.9 | 512.95 | 529.95 | 515.25 | 517.9 | Bullish Signal |
