Sensex, Nifty rangebound; RBI keeps repo rate unchanged

The market remained lacklustre post announcement of RBI policy. The Reserve Bank of India kept repo rate unchanged at 7.5 percent and cash reserve ratio at 4 percent. The Sensex rose 1.27 points to 28505.73 and the Nifty declined 10.90 points to 8649. The broader markets continued to outperform benchmarks. About 1216 shares have advanced, 913 shares declined, and 138 shares are unchanged on the Bombay Stock Exchange. Reliance Industries, TCS, Bajaj Auto, Mahindra & Mahindra, GAIL and NTPC rallied 1-2 percent whereas Sun Pharma remained under pressure on profit booking, down nearly 2 percent. Infosys, ITC, Tata Motors, Bharti Airtel, Hero Motocorp, Dr Reddy's Labs and Cipla lost 0.5-0.9 percent. For More information please visit this site www.sharemarket259.blogspot.in