TODAY INDIAN STOCK MARKET OVERVIEW

Sensex, Nifty flat; SpiceJet up 3%, Adani Ports 2%, Asian Paints 1%; Vedanta slip 2% 

The 30-share BSE Sensex rose by 26 points and closed at 25868. The Sensex rallied 217 points intraday to hit 26000-mark after a flat start but could not sustain in last hour of trade.

The S&P BSE Midcap Index was up 0.37 per cent and BSE S&P Smallcap Index was trading 0.51 per cent higher. 

The rupee fell by 4 paise to 66.23 against the US dollar on Monday in contrast to the gains seen in other Asian currencies.  

Reserve Bank of India (RBI) directed banks that they should lend at least 11.57 percent of their funds directly to non-corporate farmers in the fiscal 2015-16.

 

The 7th Pay Commission, headed by Justice AK Mathur, on Thursday submitted its report to the Finance Ministry. The recommendations include hiking central government’s employees’ salaries by 23.5 percent.

Dr Reddy's Labs, ICICI Bank, Bajaj Auto, NTPC and TCS are top gainers while Tata Motors, Vedanta, Infosys, Maruti and Hindalco are losers.

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