Indian shares rise after cenbank eases policy stance
Wednesday, October 09, 2024       16:20 WIB

Oct 9, 2024 at 7:19 am GMT
** India's benchmark NSE Nifty 50 . NSEI and S&P BSE Sensex .BSESN indexes rise ~0.5% each after RBI keeps rates unchanged, as expected, but eases policy stance
** Policy stance eases to "neutral" from "withdrawal of accommodation", which is positive for markets as it's a signal that a rate cut is not too far in the future, says Jyoti Prakash Gadia, managing director (MD) at financial advisory firm Resurgent India
** Rate-sensitives sectors like financials .NIFTYFIN rise 0.5%, auto .NIFTYAUTO and realty .NIFTYREAL gain 1.2% and 2%, respectively
** Policy stance change likely to boost home buying sentiment in low- and mid-value segments, says Shishir Baijal, chairman and MD at Knight Frank India
** Domestically-focused small- .NIFSMCP100 and mid-caps .NIFMDCP100 rise ~1.5%
** Among stocks, Divi's Laboratories DIVI .NS jumps 7% after Citi starts coverage with "buy", sets Street-high PT; DIVI top Nifty 50 gainer
 Reporting by Bharath Rajeswaran in Bengaluru 

Sumber : Reuters

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