Sensex high 8 month, RBI repo rate 25 basis, 15 Jan stock market news today

sensex high today“ In a surprise move, RBI Governor Raghuram Rajan cut repo rate by 25 basis points, bringing it down form 8% to 7.75%, with immediate effect. The Markets have shot and market analysts have welcomed the rate cut.”

The Indian stock market rallied over 600 points in trade on Thursday, today Sensex strong gain registered since May 12, after the Reserver Bank of India surprise move repo rate cut by 25 basis from 8 per cent to 7.75 per cent with the market immediate effect.

11:20 AM, The Sensex is up 525.50 points or 1.92% at 27872.32, it touch a 8 month high of 27947.59 and The nifty is gain 153.45 points or 1.85% at 8431.00.

Nifty top gainers today:- DLF 7.84%, HDFC 4.55%, ICICI bank 4.20%, SBIN 4.00%, Tata power 3.55%, IDFC 3.39%, Ultra cements 3.33%, M&M 3.32%, Axis bank 3.15%, PNB 2.95%.

Hindustan Unilvr 0.48%, Gail 0.02% top losses today.