Latest news with #CRRA
India Gazette
7 hours ago
- Business
- India Gazette
Indian stocks remain in green for fourth day; Sensex jumps 256 points
Mumbai (Maharashtra) [India], June 9 (ANI): The Indian stock indices ended on a positive note on Monday, rising for the fourth straight session, continuing to take cue from the RBI's decision to cut repo rates by 50 basis points. The Sensex closed at 82.445.21 per cent, up 256.22 points or 0.31 per cent, while Nifty closed at 25,103.20 points, up 100.15 points or 0.40 per cent. 'Financial stocks extended their rally in Indian markets, driven by the RBI's supportive aggressive policy of rate and CRRA cut. These actions have boosted investor confidence and are expected to enhance liquidity in the near to medium term, especially in midcaps,' said Vinod Nair, Head of Research, Geojit Investments Limited. All the Nifty Sectoral indices ended their day in the green territory except Nifty Realty. Out of all the sectors, Nifty Financial Services Ex-Bank was the top mover, followed by Nifty PSU Bank and Nifty Oil & Gas. 'Banking stocks were the standout performers of the session, with the Bank Nifty index extending its rally to hit a fresh all-time high. For the first time ever, the index breached the 57,000 mark, underscoring the market's optimism following a surprise 50 basis points cut in the repo rate and a simultaneous reduction in the Cash Reserve Ratio (CRR) by the Reserve Bank of India (RBI),' according to Bajaj Broking Research. According to the latest US jobs data, employers added 1,39,000 jobs last month. Average hourly earnings increased 0.4% in May against a rise of 0.3%, as reported by Reuters. 'The positive US jobs data and renewed optimism over U.S.-China trade talks lifted global sentiment. Domestically even large caps expressed renewed momentum led by FIIs inflows,' Vinod Nair added. On Friday, RBI decided to reduce the policy repo rate under the Liquidity Adjustment Facility by 50 basis points to 5.5 per cent. This rate cut was accompanied by a cut in the Cash Reserve Ratio (CRR) by 100 basis points in four tranches of 25bps each. (ANI)
Mint
8 hours ago
- Business
- Mint
Indian stocks remain in green for fourth day; Sensex jumps 256 points
Mumbai (Maharashtra) [India], June 9 (ANI): The Indian stock indices ended on a positive note on Monday, rising for the fourth straight session, continuing to take cue from the RBI's decision to cut repo rates by 50 basis points. The Sensex closed at 82.445.21 per cent, up 256.22 points or 0.31 per cent, while Nifty closed at 25,103.20 points, up 100.15 points or 0.40 per cent. "Financial stocks extended their rally in Indian markets, driven by the RBI's supportive aggressive policy of rate and CRRA cut. These actions have boosted investor confidence and are expected to enhance liquidity in the near to medium term, especially in midcaps," said Vinod Nair, Head of Research, Geojit Investments Limited. All the Nifty Sectoral indices ended their day in the green territory except Nifty Realty. Out of all the sectors, Nifty Financial Services Ex-Bank was the top mover, followed by Nifty PSU Bank and Nifty Oil & Gas. "Banking stocks were the standout performers of the session, with the Bank Nifty index extending its rally to hit a fresh all-time high. For the first time ever, the index breached the 57,000 mark, underscoring the market's optimism following a surprise 50 basis points cut in the repo rate and a simultaneous reduction in the Cash Reserve Ratio (CRR) by the Reserve Bank of India (RBI)," according to Bajaj Broking Research. According to the latest US jobs data, employers added 1,39,000 jobs last month. Average hourly earnings increased 0.4% in May against a rise of 0.3%, as reported by Reuters. "The positive US jobs data and renewed optimism over U.S.-China trade talks lifted global sentiment. Domestically even large caps expressed renewed momentum led by FIIs inflows," Vinod Nair added. On Friday, RBI decided to reduce the policy repo rate under the Liquidity Adjustment Facility by 50 basis points to 5.5 per cent. This rate cut was accompanied by a cut in the Cash Reserve Ratio (CRR) by 100 basis points in four tranches of 25bps each. (ANI)
The Citizen
4 days ago
- The Citizen
Metro police enforce zero-tolerance policy on illegal truck parking
THE Clairwood Ratepayers and Residents Association (CRRA) has applauded the swift reaction by the metro police in issuing fines to truck drivers found parking on residential roads in Clairwood. The association said the sting operation conducted in Clairwood on June 4 demonstrated that metro police are taking a firm stance against drivers who violate municipal by-laws. Also read: R400m in counterfeit goods found at Edwin Swales depot The issue of heavy-load trucks staging on residential roads in Clairwood has been ongoing for some time, with residents repeatedly reporting it to the local metro police station. Public relations officer of the CRRA, Ravin Brijlal, said, 'Metro police are doing an excellent job in Clairwood about trucks parking on roads. The issue of trucks parking on residential roads is inconveniencing residents and causing safety hazards. 'We applaud their time and efforts. Trucks are given several parking fines, which is excellent, but ultimately if they are towed away by metro police the community will be glad if that is done,' said Brijlal. Metro police spokesperson Colonel Boysie Zungu said 80 trucks were fined for illegal parking and causing obstructions. To lodge a complaint, call metro police on 031 361 0000 or email For more Southlands Sun news, follow us on Facebook, Twitter and Instagram. You can also check out our videos on our YouTube channel or follow us on TikTok. Subscribe to our free weekly newsletter and get news delivered straight to your inbox. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
