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Raghuram Rajan RBI Governor

RBI rate cut expected to prompt bankers to lower lending rates

RBI has made a surprise cut in repo rate by 25 basis points to bring it down to 7.50 percent. The move could be just what the doctor ordered. RBI governor Raghuram Rajan is confident that commercial banks will respond positively to the repo cut and cut their lending rates. Mar 5, 2015
bse-closes-points-134-59-up-on-march-3

BSE closes points 134.59 up on March 3

New Delhi, March 3 (ANI): Trading at the Bombay Stock Exchange today closed 134.59 points up to stand at 29,593.73. At the National Stock Exchange the Nifty closed 134.59 points up to stand at 8,996.25. TATA ELXSI LTD. and BHUSHAN STEEL LTD were among the top gainers of Group A with an increase of 20.00% and 15.30% along with IDBI and NATCO PHARMA LTD. with an increase of 10.33% and 9.99% respectively, while the top losers of Group A include EICHER MOTORS LTD. and COAL INDIA with a decrease of 4.46% and 3.98% along with MAHINDRA and MAHINDRA LTD and OBEROI REALTY LTD with a decrease of 3.48% and 2.79% at the close of the markets. The Auto sector is down 171.82 points at 19,753.13 while the banking sector is down 61.57 points at 22,920.15 and the reality sector is down at 21.59 points at 1,794.95. The Indian currency is down 0.04% at Rs 61.89 per dollar. Mar 3, 2015
bse-closes-points-97-64-up-on-march-2

BSE closes points 97.64 up on March 2

New Delhi, March 2 (ANI): Trading at the Bombay Stock Exchange today closed 97.64 points up to stand at 29,459.14. At the National Stock Exchange the Nifty closed 54.90 points up to stand at 8,956.75. NCC and JK LAKSHMI were among the top gainers of Group A with an increase of 17.47% and 14.77% along with SRE INFRA and HCC with an increase of 14.18% and 10.41% respectively, while the top losers of Group A include MUTHOOT FINANCE LTD. and GMR INFRA with a decrease of 7.08% and 5.60% along with ITC and BAJAJ-AUTO with a decrease of 4.97% and 4.03% at the close of the markets. The Auto sector is down 78.50 points at 19,924.95 while the banking sector is up 408.75 points at 22,981.72 and the reality sector is down at 5.38 points at 1,816.54. The Indian currency is up 0.15% at Rs 61.94 per dollar. Mar 2, 2015
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