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Nifty closed in green for the Forth day. Nifty was up 18.80 points or 0.22% at 8660.25.

Sensex was down 131.18 points or 0.44% at 29815.59.

India VIX falls 0.77% and closed at 70.98.

Among the sectors, Bank Nifty gained 2 percent while auto, media and realty stocks dragged.

Please See our Dashboard report below

Nifty Trend

BankNifty Trend

VIX Trend

Sectorwise Change :

Read more here for detailed report on SECTORS – Indian Stock Market.

New 52Week Lows in NIFTY :

After a month period, today no stocks have hit their 52 Week lows.

DAY HIGHLIGHTS :

• Tata Motors to hive off passenger vehicles business into a separate unit.
• RBI Governor Shaktikanta Das announces rate cut.
• RBI cuts repo rate 75 basis points to 4.40%.

Key Takeaways:

1. Repo rate reduced by 75 basis points to 4.4%
2. Rev repo reduced by 90 basis points to 4%
3. GDP growth for Q4 19-20 and FY 20-21 to be affected
4. Aggregate demand may weaken
5. Future outlook uncertain and negative
6. CRR reduced by 100 basis points to 3% for 1 year to release 1.37 lakh crores
7. Min daily CRR balance reduced from 90% – 80% till 30/06/2020
8. 3.74 lakh crore liquidity injected
9. 3 month moratorium on payment of instalments of Term Loan outstanding
10. Interest on WC facilities to be deferred by 3 months
11. Such deferment not to be considered for NPA
12. Revised DP calculations by reassessing WC cycle
13. All measures not to effect credit history
14. Total liquidity injection 3.4% of GDP

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