Stock Market Live Updates March 27:
11:08 AM: India can expect shallow economic recovery: RBI governor
RBI governor Shaktikanta Das said that the Monetary Policy Committee (MPC) noted that global economic activity has come to a near stand-still as COVID-19 related lockdowns and social distancing in affected countries.
10:37 AM: Go digital, safe Shaktikanta Das
The RBI governor asked people to use digital payments. Be safe, said Das.
10:20 AM: Indices off day’s high post RBI cuts repo rate by 75 bps to 4.4%
Sensex fell from the day’s high and was trading 557.21 points or 1.86 per cent higher at 30,503.98 while the Nifty was up 209.35 points or 2.42 per cent at 8,850.80.
10:15 AM: RBI reduces repo rate by 75 bps to 4.4%
RBI cuts repo rate by 75 bps to 4.4%; Sensex soars over 1,000 points, Nifty above 8,900-mark
10:05 AM: IndusInd Bank, Axis Bank among top Nifty gainers in the opening hour of trade
Sensex Jumps Over 1,150 Points, Nifty Touches 9,000 Ahead Of RBI Announcement Gains across sectors – led by financial stocks – supported the markets Domestic stock markets started the last day of the trading week on a positive note, a day after the government announced a Rs 1.7 lakh crore package to support the poor through direct cash transfers and food security measures. The S&P BSE Sensex index rose as much as 1,158.34 points to touch 31,105.11 in the first few minutes of trade, after opening with a gain of 801.04 points at 30,747.81