INDIAN BENCHMARKS closed nearly unchanged but rose for the second straight week as gains in lenders such as State Bank of India were offset by profit-taking in some of the recent outperformers. The S&P BSE Se nsex fell 0.02% and CNX Nifty ended 0.02% higher each.
Further, The RBI in its first bi-monthly monetary policy statement for 2015-16 kept the repo rate unchanged at 7.5%. Also, the cash reserve ratio CRR was unchanged at 4%.
The INDIAN BENCHMARKS gained 619.24 points to settle at 28,879.38. The 50-unit CNX Nifty gained 194.10 points to settle at 8,780.35.
GLOBAL MARKET CHASE
ASIAN STOCKS advanced near recent highs and are on track for weekly gains, with some investors betting the lustre would rub off on European stock markets.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS FTSEurofirst 300 share index powered ahead to its highest level since 2000 on Friday as the euro hit its lowest level since mid-March.
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