Showing posts with label RBI Infra Norms. Show all posts
Showing posts with label RBI Infra Norms. Show all posts

Sensex up 149 points after RBI eases infra financing norms



Sensex up 149 points after RBI eases infra financing norms
Mumbai: The standard BSE Sensex gained over 149 points in premature deal on Wednesday on augmented buying by funds and vends investors after the RBI peaceful financing norms for transportation expansion and reasonable lodging.

The 30-share indicator gained 149.34 points, or 0.59 percent, to 25,377.99 with stocks of real estate, banking, and transportation sectors foremost the rise, brokers said.

In the earlier meeting, the catalog had gone up by 221.67 points.

The countrywide Stock Exchange guide Nifty traded advanced by 44.70 points, or 0.59 percent, at 7,571.35.

Brokers said sentiments buoyed after the RBI the recent past exempted long-term bonds from obligatory rigid norms like CRR and SLR if the money raised is used for support of communications and reasonable housing projects.

Stocks of DLF Ltd, Unitech, IDFC, SBI, Axis Bank and ICICI Bank, Mahindra and Mahindra, Reliance Industries, Infosys and Larsen and Toubro were major gainers.

Among other Asian markets, Japan's Nikkei rose by 0.02 percent, while Hong Kong's Hang Seng up 0.05 percent in early trade on Wednesday.

The US Dow Jones manufacturing regular ruined 0.03 percent higher in Tuesday's deal.