Likeit Live Video Chat Rejuvenesse Ramoji Film City
Tamil Status Video Saap Sidi Festival Post
BSE Sensex Hits 30,000 on 4th March 2015 FIRST Time due to Repo Rate Cut by RBI

BSE Sensex Hits 30,000 on 4th March 2015 FIRST Time due to Repo Rate Cut by RBI

The BSE Sensex hits 30000 point for the first time. Sensex and Nifty jumped high on 4th March 2015 for the first time after RBI Governor decided to go for a mid-policy rate cut for what the central bank said was mainly because of emergence of disinflationary trends in the economy.

The Sensex jumped over 400 points to edge above 30,000 for first time ever as the RBI lowered repo rate by 25 basis points to 7.5 per cent. This was the 2nd repo rate cut this year that took place apart from RBI’s scheduled policy review meetings.

The Nifty also risen to hit a lifetime high of 9,119.20 in the opening trade. The Sensex at 30000 points could not sustain its position and fallen down 200 points lower.

The repo rate cut came days after Finance Minister ArunJaitley's Union Budget announcement on Saturday. In his Budget, MrJaitley had loosened the reins on public spending to drive growth, but promised lower-than-expected borrowing despite raising the economicdebit target.

The Nifty lost 0.82 percent after earlier rising as much as 1.37 percent to mark a record high of 9,119.20, marking its third consecutive all-time high. Among Sensex gainers, Sun Pharmaceutical Industries Ltd rose 6.62% to Rs.1,004.80, ITC Ltd added 0.89% to Rs.344.40, Bharti Airtel Ltd advanced 0.63% to Rs.351.15, while Bajaj Auto Ltd added 0.28% to Rs.2,122.10.

RBI had last cut repo rate on 15 January by a similar number but had left it unchanged at its monetary policy meet in February, mentioning the need for more signs on increase and fiscal alliance.

Sensex rose nearly 3 per cent in the previous four sessions on Budget announcements which were mostly viewed positively by market participants.

Main Category : Stocks & Finance
Sub Category : Other-07
Post Comment
Name: *
Email: *
Comment : *
Code : *    

Subscribe for News Letter


Tell a Friend
Your Name Friend's Name
Your Email address* Friend's email address*

No Comment Found.
Click here to give comment
BSE Sensex Hits 30,000 on 4th March 2015 FIRST Time due to Repo Rate Cut by RBI
BSE Sensex Hits 30,000 on 4th March 2015 FIRST Time due to Repo Rate Cut by RBI, BSE Sensex Hits 30000 Today, Highest Sensex in 2015, Sensex 2015, Sensex 2015 News, Sensex 2015 Latest News, BSE Sensex 2015 Index Today, Sensex 2015 Highest Points in 2015, When Sensex Reach 30000, Date of Highest Sensex Points in 2015, Repo Rate Cut by RBI in 2015, Latest Repo Rate Cut Details 2015, RBI Repo Rate 2015, Jump in BSE Sensex Index, March 2015 Highest Pick in BSE Sensex, First Time Sesex Crosses 30000, Till Now Highest Sensex Points - March 4 2015
Nir Gujarati Nir Gujarati

All Topics
Dussehra Poster Maker - Dussehra Poster with Political Frame - Happy Dussehra 2022 Poster Navratri Poster Maker 2022 - Navratri Poster Making Online Background & Design
Janmashtami Poster Maker 2022 - Happy Krishna Janmashtami Poster Making - When is Janmashtami in 2022 Independence Day Poster Maker - 15 August Poster Maker 2022 - Festival Poster Maker for Business
Raksha Bandhan 2022 Date and Time in India - Online Raksha Bandhan Poster Maker App Raksha Bandhan 2022 Date - Festival Poster Maker to Promote Business Online
Free Online Poster Maker: Poster Maker in Hindi, English, Gujarati, Tamil and Marathi How To Make More Poster Maker By Doing Less
Hair Transplant Clinic in Rajkot - Consult Hair Transplant Specialist Doctor in Rajkot Gujarat Hair Transplant in Rajkot - Best Hair Transplant Centre in Rajkot
Nir Gujarati   Nir Gujarati

Click here for more topics
 Navratri Poster Maker