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Nifty in green. Rupee gains to 52.

In the wake of the RBI, announcing its monetary policy today in the afternoon, the markets have seen trades in the green, taking the Nifty index up by 1%. The Sensex rebounded with more than 100 points gains on Friday after sharp appreciation in the rupee. The rupee has seen a gain of over 2% to trade against the US dollar at 52.67.

The Sensex was up 148.6 points at 15,985.07 and the Nifty was trading at 4,791.95, up 45.60.

Tata Power, Tata Motors, SBI, BHEL, Sesa Goa, SAIL, Hindalco, M&M, JP Associates, Reliance Power, Reliance Communications, Bharti Airtel, DLF, HDFC and Coal India have all gained in the trade.

However, IT major stock – Infosys, TCS, HCL Tech on sell-off mode following sharp appreciation in the rupee.

The CNX Midcap index has moved up 48 points to 6,446.
HMT shot up 6% post the company submited a revival plan of Rs 981 crore to government yesterday. Apollo Hospital was up 5%. Shares of power projects financiers – REC and PFC were up 3% each.


 

 

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