Explorer

Indices rise after RBI cuts SLR to induce liquidity

Mumbai: Recovering from a flat trading session, the Indian equity markets on Wednesday provisionally closed in the green, cheering the decision of the Reserve Bank of India (RBI) to boost liquidity levels in the commercial banking system.

The RBI in its second bi-monthly monetary policy review of 2017-18 decided to reduce the Statutory Liquidity Ratio (SLR) in order to induce liquidity into the banking system. However, the RBI kept its key lending rate unchanged at 6.25 per cent. Besides, a better-than-expected monsoon forecast by the India Meteorological Department (IMD), coupled with healthy buying in banking, automobile and healthcare sectors, kept market sentiments buoyant. The Nifty of the National Stock Exchange (NSE) provisionally closed at 3.30 p.m. at 9,663.90 points -- up 26.75 points or 0.28 per cent. The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,252.71 points, closed at 31,282.43 points -- gaining 91.87 points or 0.29 per cent from its previous close at 31,190.56 points. It touched a high of 31,346.99 points and a low of 31,172.98 points during intra-day trade. The BSE market breadth was bullish -- with 1,465 advances and 1,170 declines.
View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Manipur: Internet Services Suspended Across 7 Districts, Curfew In Imphal West As State On Boil Again
Manipur: Internet Services Suspended Across 7 Districts, Curfew In Imphal West As State On Boil Again
ECI Seeks BJP, Congress Responses Over Complaints Against Remarks By PM Modi, Amit Shah, Rahul Gandhi
ECI Seeks BJP, Congress Responses Over Complaints Against Remarks By PM Modi, Amit Shah, Rahul
'Modi Has Lost His Memory': Rahul Gandhi's 'Joe Biden' Jibe At PM In Maharashtra's Amravati — WATCH
'Modi Has Lost His Memory': Rahul Gandhi's 'Joe Biden' Jibe At PM In Maharashtra — WATCH
'Rahul Gandhi Has His Opinion, I Have Mine': Supriya Sule Praises Savarkar
'Rahul Gandhi Has His Opinion, I Have Mine': Supriya Sule Praises Savarkar
Advertisement
ABP Premium

Videos

Jhansi Medical College Fire: Akhilesh Yadav Slams Yogi Govt, Demands Action as Tragic Fire Claims Lives of 10 NewbornsMaharashtra Elections 2024: Amit Shah Slams LoP Rahul Gandhi Ahead Of Polls | ABP NewsCM Yogi Announces Rs 5 Lakh Compensation for Jhansi Tragedy Victims' Families, Rs 50,000 for the InjuredDelhi Crime: Gunfire Erupts Again in Delhi, Criminals Open Fire in Gokulpuri Area

Photo Gallery

Embed widget