Mkts rejoice unchanged credit policy
Mkts rejoice unchanged credit policy
The market zoomed at noon on Tuesday, after the RBI left all key rates unchanged in its annual monetary and credit policy.

New Delhi: The benchmark Sensex zoomed on the Bombay Stock Exchange at noon on Tuesday, after the RBI left all key rates unchanged in its annual monetary and credit policy.

The Sensex surged by 136.88 points at 14,065.21 at 1200 hrs IST on emergence of buying by funds in banking stocks led by index-heavy ICICI Bank, HDFC Bank and State Bank of India.

Similarly, the second wide-based National Stock Exchange index Nifty surged by 41.40 points at 4,126.50.

At 1150 hrs, IST, the Sensex is up 56.50 points or 0.41 per cent at 13984.83, and the Nifty up 15.05 points or 0.37 per cent at 4100.15. About 1083 shares have advanced, 1017 shares declined, and 85 shares are unchanged.

Tata Motors, SBI, Gujarat Ambuja and Maruti Udyog are the top gainers on Sensex. BHEL, Reliance Communication and Dr Reddy's Lab are among the major losers on Sensex.

Index heavyweight Hindustan Lever was trading at Rs 203.10 up 0.45 per cent from its previous close of Rs 202.20. Index heavyweight Reliance was trading at Rs 1,557.50 up 0.22 per cent from its previous close of Rs 1,554.10.

Tech major Infosys was trading at Rs 2,061.75 down 0.28 per cent from its previous close of Rs 2,067.55. Cigarette major ITC was trading at Rs 156.45 up 0.03 per cent from its previous close of Rs 156.40.

Refinery major HPCL was trading at Rs 256.85 down 0.23 per cent from its previous close of Rs 257.45.

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