Sharefreak.in ™ >>>>>>>>>>>> Jun 06, 2018 22:22 Hrs IST *_Benchmarks snap 3-day losing streak as RBI keeps stance neutral_* Snapping three-day losing streak, Indian equity benchmarks ended the Wednesday’s trade in green terrain, following the outcome of *Reserve Bank of India’s (RBI’s) bi-monthly policy meet where the central bank maintained its neutral stance* . However, the *RBI for the first time in four-and-half-years raised key interest rate by 25 basis points to 6.25%* on inflation concerns arising from surge in international oil prices. Markets, after making a flat to positive start, gained traction and traded jubilantly throughout the day, as traders took some encouragement with a private report stating that the government has effected a major overhaul of its credit guarantee scheme to make adequate loans available to micro and small enterprises easily by more than tripling its corpus to Rs 8,000 crore and allowing non-banking financial companies (NBFCs), along with banks, to avail of official guarantees to extend credit to such units. Market-men also took some support from a report stating that riding high on the success of UPI-based payments system, the digital payments in India has tripled to 7% of GDP from 2.5% three years ago. The *BSE Sensex surged 275.67 points or 0.79% to 35,178.88, while the CNX Nifty was up by 91.50 points or 0.86% to 10,684.65.* The *CNX Nifty traded in a range of 10,698.35 and 10,587.50.* The *top gainers* on Nifty were Bharti Airtel up by 4.50%, Titan Company up by 4.40%, Tata Motors up by 3.68%, Sun Pharma up by 3.45% and Bajaj Finance up by 3.22%. On the *flip side*, HPCL down by 1.19%, Tech Mahindra down by 0.89%, Cipla down by 0.69%, GAIL down by 0.49% and Asian Paints down by 0.44% were the top losers. *Key Indices* SENSEX 35178.88 0.79% NIFTY 10684.65 0.86% BANKEX 29460.10 0.57% MIDCAP 15734.19 1.28% DOW JONES 24799.98 -0.06% FTSE 100 7686.80 -0.70% HANG SENG 31093.45 0.31% NIKKEI 225 22539.54 0.28% *Key Commodities* Copper 480.15 (14.85) 3.19% Crude oil 4369.00 (18.00) 0.41% Gold 30947.00 (43.00) 0.14% (at Sharefreak.in - The Technoholic Review &Reports)
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