Nifty Share Price is Back with a Bang

Nifty traded with ultimate confidence to touch a high of 8,820.00 in today’s trading session. This is the first time Nifty share price touched the level of 8800 since the surgical strike of India at LoC.Nifty share price did not travel to the red zone of the market even once today. It opened at 8794 today in the morning and continued trading in the range of 45 points between the levels of 8810 and 8765.

The Hottest News of TodayWhat grabbed the attention of the market enthusiasts today was RBI meet. This is the first RBI meet of the newly appointed governor Urjit Patel. Exceeding all expectations, the Central bank decided to go for a rate cut this festive season. The falling inflation made room for Urjit Patel and the Monetary Policy Committee to do the necessary rate cuts. Get the detailed layout of the rate cut at RBI Gifts the Market the Much Hoped 25 Bps Rate Cut.The decision of the Monetary Policy Committee is consistent with an accommodative position of monetary policy in consonance with the objective of achieving the target consumer price index (CPI) inflation at 5 per cent by the fourth quarter of 2016-17 and the medium-term target of 4 per cent within a band of +/- 2 per cent while supporting growth.

On the Market FrontNifty made a remarkable comeback after the turmoil of last week. Market has started to show confidence as reflected by the sentiments.Below is the list of the Top Gainer and Top Losers of Nifty today.

Top Gainers

Top Losers

Hercules Hoists Limited, Banaras Beads Limited, Mastek Limited, Aarvee Denims & Exports Limited, Atlas Cycles (Haryana) Limited, Pneumatic Holdings Limited, Jindal Photo Limited, Maral Overseas Limited, Genesys International Corporation Limited, IMP Powers Limited, Lotus Eye Care Hospital Limited etc are few of the top volume gainers on NSE today.

What Else Happened Today?The S&P BSE Sensex rallied over 400 points in Monday’s trade, led by gains in HDFC, HDFC Bank, Maruti Suzuki India, M&M and L&T. Earlier last week the BSE index slipped enormously as a result of the prevailing panic in the market after the surgical strike by Indian Army.The robust growth of the Nifty has boosted the confidence of the investors. It will be interesting to see where this rally holds and we will get to see new highs by the benchmark indices.

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