Indian markets showed strength after the announcement of the RBI’s monetary policy. Reserve Bank of India ( RBI) has cut the repo rate by 50 bps as against the expectation of 25 bps, while the CRR remains unchanged at 4.75% effective April 17.
Among the Banking stocks, State Bank of India is the biggest gainer in banking shares, which gained 2.28%, Canara Bank is up 1.85%, OBC up by 1.43% and ICICI bank is up by 0.75%.
All the sectors are trading higher barring BSE CD down by 0.76%.
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Among the Banking stocks, State Bank of India is the biggest gainer in banking shares, which gained 2.28%, Canara Bank is up 1.85%, OBC up by 1.43% and ICICI bank is up by 0.75%.
All the sectors are trading higher barring BSE CD down by 0.76%.
....more info