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Sensex surges 244 points on RBI's surprise repo rate cut; Nifty up 74 points

  • 12.25 pm Silver futures recover to Rs. 36,560 per kg: Silver prices recovered by Rs. 94 to Rs. 36,560 per kg at the futures trading today as speculators created fresh positions amid a firm trend in overseas markets.
  • 12.15 pm Top BSE gainers: Sun Pharma Industries vaulted 6.5 per cent to trade at Rs. 1,003.70 on the BSE at 11.50 am against Rs. 942.40 at close yesterday.
  • 12.10 pm Gold futures traded higher by Rs 23 at Rs 26,450 per 10 grams as speculators created fresh positions amid positive cues from global markets.
  • 11.55 am Japan’s Nikkei share average dropped to a one-week low on Wednesday as an overnight fall in US shares triggered profit-taking after the index scaled a 15-year peak earlier in the week.
  • 11.35am Australian shares eased on Wednesday, with bank shares still under pressure a day after the Reserve Bank of Australia disappointed the market by not cutting interest rates.
  • 11.25am The Sensex was trading higher by 244.40 points or 0.83 per cent at 29,838.13 and the Nifty was trading up by 73.6 points or 0.82 per cent at 9,069.85 on
  • 11.00am Brent holds above $60 after Saudi raises prices.
  • 10.40am Rupee trading strong at 61.83 on RBI's suprise repo rate cut.
  • 10.40am Bank Nifty surged over 330 points as the cut in repo rate announced by the RBI Governor, Raghuram Rajan, led to a rally in banking stocks.
  • 10.30am Major Sensex gainers were Tata Motors 2.52 per cent, Sun Pharma 2.19 per cent, ICICI Bank 2.17 per cent, Cipla 2.1 per cent and SBIN 1.98 per cent, while the major losers were Coal India 0.9 per cent, Hindalco 0.6 per cent, Wipro 0.54 per cent, GAIL 0.45 per cent and Reliance 0.27 per cent.
  • 10.18am The 30-share BSE index Sensex was trading higher by 309.70 points or 1.05 per cent at 29,903.43 and the 50-share NSE index Nifty was trading up by 84.25 points or 0.94 per cent at 9,080.50.
  • 10.10am The Economic Offences Wing of Mumbai Police has arrested three top officials of leading brokerages in connection with the ₹5,600-crore National Spot Exchange scam.
  • 9.55am Bonds, rupee, and shares gained sharply on Wednesday after a surprise rate cut by the Reserve Bank of India.
  • 9.50 am The Sensex breached 30,000 mark for the first time and the Nifty topped the 9,100 level buoyed by the 25 bps repo rate by the Reserve Bank of India.
  • 9.15 am The 30-share BSE index Sensex was trading higher by 363.39 points or 1.22 per cent at 29,956.09 and the 50-share NSE index Nifty was trading up by 121.05 points or 1.35 per cent at 9,117.30.
  • 9.10 am The S&P BSE Sensex surged over 343.59 points or 1.16 per cent to 29,937.27 in the pre-open session on Wednesday as the Reserve Bank of India has cut the repo rate by 25 basis points from 7.75 per cent to 7.5 per cent.
  • Similarly, the CNX Nifty jumped 112.9 points or 1.25 per cent to 9,109.15.
  • 9.00 am US stocks finished down on Tuesday, a day after the S&P and Dow hit records, and the Nasdaq retreated with technology stocks.
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