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Markets back in green as RBI cuts CRR to 4%; select banking stocks rally
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2 min read | Updated on December 06, 2024, 10:38 IST
SUMMARY
At 09:26 AM, the S&P BSE SENSEX was trading at 81,709.08 levels, down 57 points, or 0.07%, while the broader NIFTY50 index was trading at 24,693.30, down 15 points, or 0.06%.
Stock list
The NIFTY Bank index was trading at 53,703.35, up 100 points, or 0.19%.
At 10:29 AM, the S&P BSE SENSEX was trading at 81,839.55 levels, up 74 points, or 0.09%, while the NIFTY50 index was trading at 24,718.70, up 10.30 points, or 0.04%.
The central bank, as expected, maintained the status quo on the repo rate at 6.5% as well as retained the "neutral stance."
The NIFTY Bank index was trading at 53,703.35, up 100 points, or 0.19%. The top gainers on the index were Axis Bank, Canara Bank, Bank of Baroda, SBI, and ICICI Bank.
The top five gainers on the NIFTY50 index were Bajaj Auto, Axis Bank, BPCL, ITC, Eicher Motors. The top five losers were Cipla, Infosys, HDFC Life, HUL, and Tata Motors.
Stocks in news
In a regulatory filing to the BSE and NSE, the company said Parikh’s resignation will come into effect at the close of business hours on December 5, 2024.
Broader Market
The BSE MidCap index was trading at 47,569.10 levels, up 69 points, or 0.14%, while the BSE SmallCap index was trading at 56,916.01, up 208 points, or 0.37%.
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