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Market closes in the green; Capital First gains

Market closes in the green; Capital First gains

Market closes in the green; Capital First gains
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By Nidhi Chugh  Jun 6, 2018 3:34 PM IST (Updated)

Closing bell

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The market closed in the green despite the 25 basis point rise in the key policy rates. Some market experts had expected the rise in the repo rates. The BSE Sensex closed at 35,183 points and the NSE Nifty closed at 10,687 points. The market remained largely in the green in intra-day trade. Capital First gained more than 5% after the RBI approved the IDFC Bank merger deal.
Market update: The market continues to trade higher even though the RBI raised the key policy rates by 25 basis points. This is because the rise in the rate was expected. (as of 02:55 pm)
How is the market faring? (as of 12:49 pm)
The market is trading in the green with the BSE Sensex trading at 35,107 points and the NSE Nifty is trading at 10,658 points ahead of the RBI policy meet outcome. Capital First is surging in trade, gaining nearly 6%, after the central bank approved the company's merger with IDFC Bank. Idea Cellular, Bharti AirtelHCL Tech, Bajaj Finance and Titan Company are the top gainers of the hour while HPCL, Tech Mahindra, Asian Paints, GAIL and Vedanta are the current top index losers.
Market update: The market is trading at the day's high with the BSE Sensex trading at 35,104 points and the NSE Nifty at 10,653 points. Bajaj Auto remains to be the top index gainer. (as of 11:44 am)
How has the market fared so far?
The market is recovering in trade with the BSE Sensex trading at 35,049 points and the NSE Nifty trading at 10,639 points, ahead of the RBI policy meet outcome.
The RBI policy meeting is expected to keep the repo rate status quo this time, but experts have predicted that rise in the policy rate is likely in August.
Bajaj Auto, Idea Cellular, Bharti Airtel, Titan Company and HCL Tech are the current top index gainers, while HPCL, Tech Mahindra, Asian Paints, GAIL and Vedanta are among losers.
Capital First gained more than 2% in the opening trade after the announcement that its merger deal with IDFC Bank got a 'no objection' from the RBI.
The market on Wednesday opened flat with a positive bias amid the RBI policy concerns. The BSE Sensex opened at 34,932 points and the NSE Nifty stood at 10,602 points on the back of strong global cues.
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