After the Reserve Bank of India maintained status quo in its policy review today, the market has ended with hefty gains. Nifty was up 65.40 points or 0.8 percent at 8266.45.Market also cheered the statement of Federal Reserve chief Janet Yellen that the US economy was still in good shape and that any increase in borrowing costs would be slow and low.
ICICI Bank, SBI, Sun Pharma, ITC and Tata Steel were top gainers of the day, while Infosys, HDFC, Axis Bank, Reliance and GAIL were top losers.
Global Markets Update:
- Royal Dutch Shell said it would sell up to 10 percent of its oil and gas production, leaving up to 10 countries to cut costs following its $54 billion acquisition of BG Group.
- Asia were mostly higher with Sydney up after the Reserve Bank of Australia holding rates steady at a record low 1.75%.
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