By IANS,
Mumbai: A benchmark index for Indian equities was ruling quiet in morning trade but managed to cross the 17 000 mark Wednesday, a day after rallying post the RBI cutting cash reserve ratio.
The 30-scrip sensitive index (Sensex) of the BSE, which opened at 17.068.85 points, was ruling at 17,022.18 points about an hour into trade, 26.41 points or 0.16 percent up from its previous close at 16,995.77 points.
The Sensex had risen 244 points Tuesday, buoyed by RBI’s signal of easing interest rates in forthcoming reviews and on the CRR cut which will boost liquidity.
The 50 scrip S&P CNX Nifty of the National Stock Exchange also was trading in the green at 5,136.5 points, up 0.18 percent or 9.15 points from its previous close.
Broader markets were ruling quiet with the BSE 500 index ruling 0.29 percent up from its previous close.