Sensex regains 25k mark, up 117 points in early trade

After Tuesday's major fall, the benchmark BSE Sensex recaptured the crucial 25,000-mark by rebounding 117 points in early trade on fresh buying by funds and retail investors in bluechips amid firm Asian cues.

The Sensex had plunged 516.06 points in Tuesday's trade after Reserve Bank cut repo rate by 25 basis points to 6.5 per cent, which was in line with market expectations.

The 30-share index rebounded by 117.06 points or 0.47 per cent to 25,000.65 in early trade as realty, metal, auto and banking sector stocks led the recovery.

Similarly, the National Stock Exchange index Nifty rose by 35.45 points or 0.46 per cent to 7,638.65. It had lost 155.60 points in Tuesday's trade.

Brokers said value-buying by investors and funds in beaten down stocks and a firm trend at other Asian markets, influenced trading sentiment.

Source TOI

Odisha govt to set up Information Technology Investment Region

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Thursday said the government has proposed to set up an Electronics System Design and Manufacturin...

India growth story credible; GDP to grow at 7.3% in FY19: World Bank

New Delhi: The World Bank on Wednesday said that Indian economy is "credible" and expected to grow at 7.3 percent in FY 2018-19 and 7.5 percent in FY ...

PNB scam fallout: RBI bars banks from issuing LoUs, LoCs

Mumbai: RBI has barred banks from issuing guarantees in the form of letters of undertaking (LoU) as it clamped down on the import financing route used...

SBI reduces charges on non-maintenance of minimum balance

Mumbai: The State Bank of India today reduced its charges on non-maintenance of an average monthly balance (AMB) in savings account by up to 75 per ce...