Indian shares were trading firm in the last one hour of trade on Monday tracking positive regional shares. Asian markets closed in green barring Kospi after US non farm payroll data eased fears of another recession hitting the world’s largest economy.
BSE benchmark Sensex was trading little changed on Monday in the absence of major events this week. Brent futures and gold have recouped most of their losses and were trading at two-week highs, causing concern for the market. India is a net importer of.
Key equity benchmarks opened marginally in green tracking positive Asian shares in the morning trade. SP 500 finished above 1,600 and the Dow briefly closed above 15,000 for the first time on Friday as Wall Street cheered a better-than-expected April n.
Key equity benchmarks were trading volatile after RBI’s credit policy announcement. The central bank left the cash reserve ratio unchanged at 4 percent and slashed the repo rate by 25 basis points to 7.25 percent.
Indian shares recovered most of the losses it made the entire morning after the Reserve Bank of India (RBI) cut repo rate by 25 basis points to 7.25 percent. The central bank left the cash reserve ratio unchanged at 4 percent.
The market continued its southward journey just as the Reserve Bank of India slashed repo rate by 25 basis points (bps) in its monetary policy review. The central bank has left cash reserve ratio (CRR) unchanged. The RBI has also mentioned little spac.