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RBI policy meet: Realty stocks pare gains after policy decision

Shares of Vedanta Ltd, ICICI Bank, ITC, DLF were among most traded securities on the National Stock Exchange on Wednesday.

ETMarkets.com|
Updated: Jun 07, 2017, 03.03 PM IST
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Benchmark NSE Nifty50 index was down 2.60 points at 9,634.55.
Benchmark NSE Nifty50 index was down 2.60 points at 9,634.55.
NEW DELHI: Rate sensitive NSE Nifty Realty index pared early gains and was trading down by 0.06 per cent, at 252.3 around 02:40PM on Wednesday after the Reserve Bank of India left repo rate and reverse repo rate unchanged at 6.25 per cent and 6 per cent respectively.

Shares of Indiabulls Real Estate Ltd. (up 3.19 per cent), Sobha Ltd. (up 0.64 per cent) and Godrej Properties Ltd. (up 0.13 per cent) were among top gainers.

Where as Delta Corp Ltd. (down 1.52 per cent), Unitech Ltd. (down 0.96 per cent), DLF Ltd. (down 0.88 per cent), Phoenix Mills Ltd. (down 0.64 per cent) and Housing Development & Infrastructure Ltd. (down 0.48 per cent) were among top losers in the index at around the same time.

Benchmark NSE Nifty50 index was down 2.60 points at 9,634.55.

Among the 51 stocks in Nifty index, 36 were trading in green, while 15 were in red.

Shares of Vedanta Ltd, ICICI Bank, ITC, Cadila Health, DLF were among most traded securities on the National Stock Exchange on Wednesday.

BSE Sensex was 8.6 points at 31,181.96.

Shares of Emkay Global, Future Retail, Venkys (India), Shakti Pumps and Simplex Infra hit their fresh 52 week high in today's trade, while KSS Ltd, FCS Software, DQ Entertainmnt, Green Fire Agri and Prakash Steel hit fresh 52 week low in trade.

Top 5 takeaways from RBI's policy meet

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Impact of GST Implementation

7 Jun, 2017
RBI said that the implementation of GST is unlikely to cause any material impact on overall inflation. Headline inflation is expected in the range of 2.3-5 per cent in the first half of the year and 3.5-4.5 per cent in the subsequent half.
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