Sensex ends in green as RBI holds rates; banks top gainer

The broader NSE index was up 0.36 percent at 9,671.45 as of 0536 GMT a day after breaching the 9,700 level for the first time

The broader NSE index was up 0.36 percent at 9,671.45 as of 0536 GMT a day after breaching the 9,700 level for the first time

The NSE Nifty also went up by 29.25 points, or 0.30%, to 9,666.40 points.

The RBI in its second bi-monthly monetary policy review of 2017-18 chose to reduce the Statutory Liquidity Ratio (SLR) by 50 basis points to 20 per cent.

Indian equities dropped on Thursday erasing earlier gains.

Mumbai: In a volatile session, the BSE benchmark Sensex Thursday fell by almost 58 points to 31,213 on profit-booking in recent gainers by investors, who maintained a cautious stance ahead of United Kingdom polls and the European Central Bank meeting. Back home, out of the 30-share Sensex pack, 24 scrips ended lower while only six closed higher.

Mumbai: The BSE benchmark Sensex started on a positive note by recovering over 99 points in early trade on Wednesday as the revised forecast of better monsoon enthused investors, who are keenly awaiting the Reserve Bank of India's (RBI) bi-monthly policy meet outcome due later in the day.

On Tuesday the Sensex closed at 31,190.56 points.

Kohli urges India to keep cool in do-or-die SA clash
There's nothing I can say here that's going to change anything, except that I still believe I can and hopefully I'll prove that. AB de Villiers may be a super cool batsman but he is human after all. "My take on him ( Kohli ) is simple really.

However, pharma stocks such as Dr Reddy, Sun Pharma and Cipla attracted fresh buying and gained up to 3.79 per cent.

The monetary policy committee had on Wednesday left the policy repo rate at a 6-and-a-half year low of 6.25 per cent and the reverse repo rate at 6.0 percent.

Major losers were, GAIL 3.12 per cent, TCS 2.43 per cent, Adaniports 1.79 per cent, ONGC 1.62 per cent and HeroMotoco 1.07 per cent.

The BSE market breadth was bullish - with 786 advances and 361 declines.

This followed the RBI maintaining a "neutral" policy stance and lowering its inflation projections as it delivered a less hawkish policy statement on Wednesday, leaving key interest rates unchanged. "Volatility will remain high, as indices are trading at record high and hence, traders should remain cautious and selective in stock picking", Jayant Manglik, President, Retail Distribution, Religare Securities said.