Benchmark indices traded in range on the policy review day. RBI kept the policy rates unchanged in its first review meeting of this fiscal year. However, it raised the reverse rate to 6% from 5.75% .The Bank rate and MSF was cut to 6.5%, from 6.75%.The central bank has proposed that banks be allowed to invest in Real Estate Investment Trusts and Infrastructure Investment Trusts. Nifty ended the day to close at 9272.25.
Realty stocks were the major gainers of the day while Banking stocks were the losers for the day.
Global Markets Update
Deutsche Bank which is in the midst of an 8 billion euro ($8.5 billion) capital increase, is currently not thinking about mergers, Chief Executive John Cryan said.
Stocks slipped and bonds rose in Asia on Thursday, with risk appetite soured by signs the Federal Reserve might start paring its king-sized asset holdings later this year just as the chance of early U.S. fiscal stimulus faded further.
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