New Delhi, Dec 8, 2008 : After the Monetary Policy Committee announcement by the Reserve Bank of India, the 30-scrip Sensitive Index rose sharply in early trading on Wednesday. The repo rate and reverse rate were kept unchanged by the central bank at 4% and 3.35 percent, respectively.It also maintained its “accommodative” stance to ensure a better economic recovery.
The S&P BSE Sensex traded at 58.349 points at 10.30 a.m.This is an increase of 1.25 percent
It opened at 58.185 points, compared to the previous close of 56.763 points.
It has been at a low of 58.122 points.
The 50-scrip Nifty at NSE opened at 17,044 points, after closing at 17,176 on Tuesday.
It traded at 17,389 point, an increase of 1.24 percent during the early-morning trading session.
Bajaj Finance and Grasim Industries were among the top gainers in the early trade, according to exchange data.
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