Sensex up 240 points over RBI Board meet
Key Indian indices advanced over 0.5 per cent on positive expectations from the RBI Board meeting currently underway on Monday, as the Sensex gained over 240 points and the Nifty50 traded above the 10,700-mark during the afternoon session of the trade.
)
03:14 PM IST
Key Indian indices advanced over 0.5 per cent on positive expectations from the RBI Board meeting currently underway on Monday, as the Sensex gained over 240 points and the Nifty50 traded above the 10,700-mark during the afternoon session of the trade. "In the hope of relaxation in the Prompt corrective action (PCA) framework norms in the RBI meet, the PSU banks had opened in the green today," Astha Jain, Senior Analyst, Hem Securities, told IANS.
Except for telecom, oil and gas, all the sectors on the BSE traded in the green. At 2.10 p.m., the S&P BSE Sensex traded 248.82 points higher at 35,705.98 from its previous close of 35,457.16.
The benchmark index touched a high of 35,697.50 and a low of 35,511.10 while NSE`s Nifty was trading 55.25 points higher at 10,737.45. The benchmark Brent Crude registered a slight rise to $67.29 a barrel while the rupee was trading flat.
Watch this Zee Business video here:
"Oil plunge and follow up recovery and Brexit noises dominated last week. While the oil market savage sell-off may be stopped, Brent is nearly 30% lower than the early October highs, which will likely put downward pressure on global and domestic inflation dynamics. If sustained, it could be positive for India`s CAD in 2HFY19," said Madhavi Arora, Economist, FX & Rates- Edelweiss Securities Ltd.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
Gratuity Calculation: What will be your gratuity for Rs 40,000, Rs 50,000 & Rs 60,000 last-drawn salary after 6 years and 9 months of service?
)
SBI 444-Day Amrit Vrishti FD: PSU bank cuts interest rates effective June 15—Check how much you can earn now at maturity on Rs 2.5 lakh, Rs 4.5 lakh or Rs 6.5 lakh investment
)
Top 7 ETFs With up to 49% Return in 1 Year: Rs 2,99,999 one-time investment in No.1 exchange-traded fund has jumped to Rs 4,45,529
)
Power of Compounding: How soon can you generate Rs 6 crore corpus with just Rs 8,000 monthly investment?
)
Power of Rs 13,000 SIP: How many years will it take to generate Rs 8,00,00,000 corpus with just Rs 13,000 monthly investment?
03:14 PM IST