Saturday 28 January 2012

Closing Summary- Market Synopsis- 27 January, 2012

The key Indian equity benchmarks ended higher today extending the three week old rally after the RBI slashed the cash reserve ratio (CRR) by an aggressive half a percentage point to ease liquidity conditions and boost credit. The undercurrent today was also supported by a global rally after the Federal Reserve pledged to keep interest rates exceptionally low till the end of 2014 and indicated at a possible QE3 down the line to boost the US economy. 
(Pic. Source- bseindia.com)

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