RBI Sinks CRR ! and Markets at Mid-day Sink Sensex and Bankex and Realty and Auto and…….
RBI Sinks CRR by 0.25% to 4.25% and Bankex sinks 2.22% while overall Sensex sinks midday 0.92% and 171 points to 18464
- CRR has been reduced from 6% to 4.25%
- Reverse Repo and Repo Rates have moved up from 5.75% to 7% and from 6.75% to 8% respectively
- Bracket Figures represent basis points changes from previous rate where 25 basis points indicates a change of 0.25% and – indicates a decline and so on
|
Date |
Reverse Repo % |
Repo % |
SLR % |
CRR % |
|
October 30, 2012 |
7 |
8 |
23 |
4.25 (-25) |
|
September 22, 2012 |
7 |
8 |
23 |
4.50 (-25) |
|
August 11, 2012 |
7 |
8 |
23(-100) |
4.75 |
|
April 17, 2012 |
7 (-50) |
8 (-50) |
24 |
4.75 |
|
March 10, 2012 |
7.50 |
8.50 |
24 |
4.75 (-75) |
|
January 28, 2012 |
7.50 |
8.50 |
24 |
5.50 (-50) |
|
October 25, 2011 |
7.50 (25) |
8.50 (25) |
24 |
6 |
|
September 16, 2011 |
7.25 (25) |
8.25 (25) |
24 |
6 |
|
July 26, 2011 |
7.00 (50) |
8.00 (50) |
24 |
6 |
|
June 16, 2011 |
6.50 (25) |
7.50 (25) |
24 |
6 |
|
May 03, 2011 |
6.25 (50) |
7.25 (50) |
24 |
6 |
|
March 17, 2011 |
5.75 (25) |
6.75 (25) |
24 |
6 |
|
Category/Index |
Current Value |
Previous Close |
Change(Pts) |
Change(%) |
|
SENSEX |
18464.32 |
18635.82 |
-171.50 |
-0.92 |
|
MIDCAP |
6505.17 |
6574.77 |
-69.60 |
-1.06 |
|
SMLCAP |
6970.15 |
7043.62 |
-73.47 |
-1.04 |
|
BSE-100 |
5597.94 |
5659.49 |
-61.55 |
-1.09 |
|
BSE-200 |
2265.66 |
2290.92 |
-25.26 |
-1.10 |
|
BSE-500 |
7083.74 |
7160.95 |
-77.21 |
-1.08 |
|
SHARIAH 50 |
1202.23 |
1208.22 |
-5.99 |
-0.50 |
|
BSE-GREENEX |
1514.68 |
1532.43 |
-17.75 |
-1.16 |
|
BSE IPO |
1636.30 |
1651.67 |
-15.37 |
-0.93 |
|
DOLLEX-30 |
2804.78 |
2835.96 |
-31.18 |
-1.10 |
|
DOLLEX-100 |
1071.49 |
1085.21 |
-13.72 |
-1.26 |
|
DOLLEX-200 |
697.90 |
706.97 |
-9.07 |
-1.28 |
|
IT |
5696.28 |
5668.97 |
27.31 |
0.48 |
|
TECk |
3293.25 |
3286.40 |
6.85 |
0.21 |
|
HC |
7497.99 |
7498.69 |
-0.70 |
-0.01 |
|
FMCG |
5704.46 |
5722.44 |
-17.98 |
-0.31 |
|
OIL&GAS |
8408.24 |
8446.67 |
-38.43 |
-0.45 |
|
POWER |
1948.50 |
1972.36 |
-23.86 |
-1.21 |
|
METAL |
10056.45 |
10183.88 |
-127.43 |
-1.25 |
|
PSU |
7113.72 |
7221.56 |
-107.84 |
-1.49 |
|
AUTO |
10097.66 |
10291.37 |
-193.71 |
-1.88 |
|
CG |
10905.77 |
11136.81 |
-231.04 |
-2.07 |
|
CD |
6908.71 |
7057.55 |
-148.84 |
-2.11 |
|
BANKEX |
12888.52 |
13180.61 |
-292.09 |
-2.22 |
|
REALTY |
1743.19 |
1787.36 |
-44.17 |
-2.47 |
3 thoughts on “RBI Sinks CRR ! and Markets at Mid-day Sink Sensex and Bankex and Realty and Auto and…….”
wat does this all mean to the markets in the short term?? ..Us election voting ends on Nov 6th .. how do you think it is going to affect indian markets? .. many are predicting Obama to return to power .. wat is your view? ..Overall.. Will we and indian markets have a happy diwali?? (I remember you had indicated so in one of you posts last month)
Hi Srikanth,this monetary tinkering continues an attempt to control liquidity and interests rates ~ if you read many of my earlier blogs you will sense what I believe ~ that our dependence on Oil and the huge Current Account and Fiscal Deficit has slipped our Rupee significantly ~ we have simply failed to control inflation despite huge confident government assurances simply because we have no control on global commodity pricing ~ so in the short term the sensex swings and volatility will continue and cause concern to intra day and short term traders and speculators ~ those who advise to make the trend your friend and use volatility to your advantage themselves are volatile ! ~ Obama is pretty vocal against outsourcing IT to India ~ Romney may actually be a better bet for India ~ We always are Happy at Diwali as it’s our New Year ! ~ ofcourse some years we are extremely happy as markets have funded us ! ~ this year we shall not be extremely happy ! ~Sensex and Nifty winds are swirling and howling one way and then another ~ specific selections rather than playing the Indices is the way forward~ there are hugely concerned huge brokers camps on one side and on the other we also have equally strong broker camps less concerned and pretty positive for 2013 ~ I remain positive more on specific ideas rather than on the domestic and global macros ~gold too remains a strong idea ~ vocal on this since 2006 ~Cheers
Thanks a lot for the elaborate response Gaurav. I would like to know more about your subscription plans…