The Nifty is holding above 7400
as RBI Governor Raghuram Rajan unveils first monetary policy review under the
NDA regime. The Nifty is up 49.65 points at 7412.15 and the Sensex is up 160.09
points at 24844.94.
The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit their highest level in more than a week. The Sensex was up 51.12 points or 0.21%, up close to 70 points from the day's low and off about 60 points from the day's high. Key benchmark indices edged higher in early trade on firm Asian stocks. A bout of volatility was witnessed as key benchmark indices recovered from lower level after giving away almost entire intraday gains in morning trade.
The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both, hit their highest level in more than a week. The Sensex was up 51.12 points or 0.21%, up close to 70 points from the day's low and off about 60 points from the day's high. Key benchmark indices edged higher in early trade on firm Asian stocks. A bout of volatility was witnessed as key benchmark indices recovered from lower level after giving away almost entire intraday gains in morning trade.
The index jumped 110.46 points at the day's high
of 24,795.31 in mid-morning trade, its highest level since 26 May 2014. The
index fell 21.96 points at the day's low of 24,662.89 in mid-morning trade.
The CNX Nifty was up 14.70 points or 0.2% to
7,377.20. The index hit a high of 7,393.30 in intraday trade, its highest level
since 26 May 2014. The index hit a low of 7,349.80 in intraday trade.
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