The auction is the highest ever sale of 2G and 3G spectrum, authorised by the government to earn over Rs. 82,000 Crores:Spectrum Auction
RBI Repo Rate: RBI Governer Raghuram Rajan speaks in a statement, RBI today slashed key policy (repo) rate by 0.25 percent to 7.5 percent, the second such surprise rate cut outside regular policy review in less than two months under the inflation and convinced by fiscal consolidation made by the government.
Market Review: At 3:50 P.M S&P Sensex fell down by 29380.73rs below -213 points or a percent of 0.72 on the Bombay Stock Exchange led down by shares of Axis Bank, BHEL, Cipla, Hindalco, Larsen shows in a negative sign, on the other hand, Cnx Nifty drop below 73 points or a change of -0.82% at 8922.65rs.
Still Traders can invest in shares of Cipla, Sun Pharma, Dr. Reddy’s Labs.