21 May 2013, 04 : 31
MARKET VIEW DATED 21ST MAY 2013
Yesterday, our markets turned negative at the fag end of the day. As predicted, the markets faced
strict resistance at higher levels and once we moved below the 6200 mark post 2pm we saw a one
way move down. Healthcare, consumer durables, banking and oil & gas stocks lost ground. Market
Rs in Cr.
RBI POLICY - ON EXPECTED LINES
As expected by us, the RBI decided to cut the Repo rate by 25 bps with immediate effect. Now
Repo stands at 7.25%, Reverse Repo at 6.25% and marginal standing facility (MSF) rate at 8.25%.
The Bank Rate stands adjusted to 8.25 %.
The cash reserve ratio (CRR) is unchanged at 4%. While there have b..