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RBI cuts CRR by 75 bps, move to add Rs 48K cr in system

Ahead of the mid-quarter monetary policy on March 15, the Reserve Bank of India (RBI) stepped in to ease the tight liquidity conditions in the system. It slashed the cash reserve ratio (CRR) by 75 basis points to 4.75%. The market was expecting a cut of 50 bps. This move is expected to pump in Rs 48,000 crore liquidity support into the market.

CRR is the portion of net demand and time liabilities (NDTL) (read, total deposits) that banks have to mandatorily keep with the regulator. This means, from March 10 onwards, banks are now required to keep only 4.75% of their NDTL instead of 5.50% earlier.

BSE Sensex posts biggest daily gain in 9 weeks

Stocks To Watch :

Positional Call Risky Traders Buy Nifty Future @ 5235--5245 With Closing SL 5220, For TGt 5325 / 5365 / 5396 / 5422 / 5465 / 5520 in March ! Closed @ 5364.15 !

VISIT WEBSITE FOR DAILY TRADING CALLS WITH STRICT SL AND UPDATES FOR PREVIOUS DAYS CALLS !

NIFTY FUTURE CHART :



Supp. 5256 / 5284 / 5316 / 5351 CMP: 5364.15 Resis. 5374 / 5403 / 5436 / 5486 !

BANK NIFTY FUTURE CHART :



Market Updates : 

Volume Spurts :

Supreme Petrochem clocked volume of 9.60 lakh shares on BSE, a 76.51-times surge over two-week average daily volume of 12,000 shares. The stock rose 3.88% to Rs. 56.20 !

Indian Bank notched up volume of 21.31 lakh shares, a 52.41-fold rise over two-week average daily volume of 40,000 shares. The stock rose 0.99% to Rs 239.30 !

Mah & Mah Finan Ser clocked volume of 5.09 lakh shares, a 25.03-fold rise over two-week average daily volume of 20,000 shares. The stock rose 2.30% to Rs 707.95 !

India Infoline clocked volume of 15.07 lakh shares, a 23.84-fold surge over two-week average daily volume of 60,000 shares. The stock surged 10.75% to Rs 72.65 !

LIC Housing Finance clocked volume of 26 lakh shares, a 7.17-fold rise over two-week average daily volume of 3.45 lakh shares. The stock rose 2.18% to Rs 246.25 !

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !