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Markets end flat as RBI keeps repo rate rate unchanged; Nifty holds 9,250
Benchmark indices pared losses to end the day on a flat note after the Reserve Bank of India decided to keep the repo rate unchanged at 6.25% in line with the market expectations. Maintaining the ‘neutral’ stance, the Central Bank raised the FY17 GVA target for FY18 to 7.4%. However, it raised the reverse rate to 6% from 5.75% due to narrowing of the liquidity adjustment facility corridor. Consequently, the Bank rate and MSF was cut to 6.5%, from 6.75%, according to Ripples Financial Advisory, Indore @9644405056
The S&P BSE Sensex settled the day at 29,927, down 47 points, while the broader Nifty50 ended at 9,262 down 3 points. BSE Midcap index gained 0.15%, while BSE Smallcap index was down 0.23%. Free Trials for two days in Share Market so why are you waiting for, Hurry up! SUBSCRIBE US >> http://www.ripplesadvisory.com/free-trial.php