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Indian Share Markets Pare Gains; RBI Cuts Repo Rate by 75 Bps
Fri, 27 Mar 10:30 am | Rini Mehta, TM Team

Share markets in India are off day's high after the RBI's Monetary Policy Committee (MPC) reduced the policy repo rate by 75 basis points to 4.4%.

In view of COVID-19 pandemic, MPC advanced its meeting. MPC met on 24, 26 and 27 March and took care of evaluation of macroeconomic and financial conditions.

MPC voted for a sizable reduction in repo rate and maintaining accommodative stance.

The BSE Sensex is trading higher by 500 points, with IndusInd Bank surging another 15% and Axis Bank up 10%. The Nifty50 index is up 235 points.

All sectoral indices are trading in green, with bank stocks leading the gainers.

In the broader market, the BSE MidCap index and SmallCap index were both up 3% each.

Stay tuned for more updates in the following commentary.

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Stock Market Updates

Sensex Ends 173 Points Lower; IT and Realty Stocks Witness Selling (Today's Market)

Apr 8, 2020 Closing

While the BSE Sensex closed lower by 173 points, NSE Nifty closed lower by 43 points.

M&M FINANCIAL SERVICES Surges by 11%; BSE 500 Index Up 0.1% (Today's Market)

Apr 8, 2020 03:33 PM

M&M FINANCIAL SERVICES share price has surged by 11% and its current market price is Rs 162. The BSE 500 is up by 0.1%. The top gainers in the BSE 500 Index are M&M FINANCIAL SERVICES (up 11.2%) and ALKEM LABORATORIES (up 14.1%). The top losers are HDFC and OIL INDIA (down 0.1%).

CASTROL INDIA Surges by 6%; BSE OIL & GAS Index Up 0.2% (Today's Market)

Apr 8, 2020 03:33 PM

CASTROL INDIA share price has surged by 6% and its current market price is Rs 115. The BSE OIL & GAS is up by 0.2%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 6.2%). The top losers are OIL INDIA (down 0.1%) and HPCL (down 0.1%).

ASTRAZENECA PHARMA Plunges by 5%; BSE HEALTHCARE Index Up 3.7% (Today's Market)

Apr 8, 2020 03:23 PM

ASTRAZENECA PHARMA share price has plunged by 5% and its current market price is Rs 2,828. The BSE HEALTHCARE is up by 3.7%. The top gainers in the BSE HEALTHCARE Index are ALKEM LABORATORIES (up 14.5%) and CADILA HEALTHCARE (up 11.2%). The top losers is ASTRAZENECA PHARMA (down 5.2%).

NILKAMAL Surges by 16%; BSE 500 Index Up 0.1% (Today's Market)

Apr 8, 2020 03:19 PM

NILKAMAL share price has surged by 16% and its current market price is Rs 1,140. The BSE 500 is up by 0.1%. The top gainers in the BSE 500 Index are NILKAMAL (up 15.9%) and ALKEM LABORATORIES (up 13.9%). The top losers are INDRAPRASTHA GAS and INDIAN BANK (down 0.1%).

P&G HYGIENE Surges by 5%; BSE FMCG Index Up 0.5% (Today's Market)

Apr 8, 2020 02:39 PM

P&G HYGIENE share price has surged by 5% and its current market price is Rs 11,009. The BSE FMCG is up by 0.5%. The top gainers in the BSE FMCG Index are P&G HYGIENE (up 5.3%) and ZYDUS WELLNESS (up 8.6%). The top losers are NESTLE (down 0.2%) and GODFREY PHILLIPS (down 0.4%).

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