The Sensex was up 21.34 points at 26337.68 and the Nifty gained 6.80 points at 8121.10. About 1457 shares advanced against 652 declining shares on the BSE. 10:50 am CRR hiked: RBI has raised CRR to 100 percent on incremental deposits, post a deluge of liquidity to the banking system due to demonitisation. The additional CRR is applicable on incremental deposit growth from September 26 to be reviewed periodically (every fortnight), but with a likely influx of liquidity continuing, it seems that it would continue beyond the near term and possibly over next 3-4 months. The CRR hike for now would reduce the market liquidity by Rs 3-3.5 trillion and will suck out more as deposit influx increases, says Deutsche Bank.
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For more information Call us ✆ +91 7400-73400 or Visit http://dollaradvisory.com
The Sensex was up 21.34
points at 26337.68 and the Nifty gained 6.80 points at 8121.10.
About 1457 shares advanced against 652 declining shares on the BSE.
10:50 am CRR hiked: RBI has raised CRR to 100 percent on incremental
deposits, post a deluge of liquidity to the banking system due to
demonitisation. The additional CRR is applicable on incremental deposit
growth from September 26 to be reviewed periodically (every fortnight),
but with a likely influx of liquidity continuing, it seems that it would
continue beyond the near term and possibly over next 3-4 months. The
CRR hike for now would reduce the market liquidity by Rs 3-3.5 trillion
and will suck out more as deposit influx increases, says Deutsche Bank.
Read more at: http://www.moneycontrol.com/news/local-markets/nifty-rangebound-midcap-outperforms-liquor-aviation-stocks-up_8026201.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/local-markets/nifty-rangebound-midcap-outperforms-liquor-aviation-stocks-up_8026201.html?utm_source=ref_article
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