In The Today Report Of Free Intraday Tips expert, The Reserve Bank of India (RBI) decided to give a dividend of 28 thousand crores to the government to investors. Due to this, the Indian stock markets witnessed rapid growth on Tuesday. The Bombay Stock Exchange’s BSE 50-point rally, with 35,550 points and the National Stock Exchange’s Nifty rose 15 points to 10,656 points. At 9.30, the Sensex is trading 81 points up at 35579 points and the Nifty is trading 11 points faster at 10652 points.
The situation of the sectoral index
In the morning session, the mid-cap and smallcap are increasingly trading in the green mark in the Sensex. Nifty mid-caps and small caps also have a buoyant atmosphere. In the Sensex, there is a buoyant atmosphere in all sectors except Tech and IT. In the Nifty, IT, media, pharma sector, Lal and Bank, Auto, Finance Services, FMCG, Metal, PSU Bank, Private Bank, Reality Sector are trading in the green mark.
At the beginning of the morning, the Prestige, Shankara, IL & FS, Oberoi Realty, Shoppers Stop in the Sensex and the downturn in Navkar Corp., JSL Hissar, Centrum, Magma, Crisil.
Stocks in Nifty
In the early trading, Nifty has a slowdown in Titan, Powergrid, Tech Mahindra, Yes Bank, HCL Technologies and Indiabulls Housing Finance, Asian Paints, Reliance Industries Limited, Wipro, Gross.
RBI to give Rs 28 thousand crore dividend to the government
The expertise of Free Intraday Tips said The Reserve Bank has decided to pay a dividend of Rs 28,000 crore to the government on Monday. The RBI has given this information through a statement that it has got approval from its Central Board. RBI has been paying a dividend to the government as part of its profit. The RBI said, “After implementing the Limited Audit Review and the current Economic Capital Framework, the Board has decided to transfer an interim dividend of Rs 28 thousand crores to the Central Government for the half year of its financial year ended December 31, 2018. ‘This is the second consecutive year when the Reserve Bank will transfer the intrinsic surplus to the government.