Markets were nervous ahead of RBI policy on Monday and remained flat. Tuesday saw RBI reducing CRR by 25 basis points on expected lines and kept other rates unchanged. The market did not like this and it fell quite sharply. It recovered thereafter and Friday saw a sharp jump on account of Asian markets which saw strong rallies. The BSESENSEX gained 130.11 points or 0.70 per cent to close at 18,755.45 points, while the NIFTY gained 33.40 points or 0.59 per cent to close at 5,697.70 points. The broader indices like the BSE500, BSE200 and BSE100 gained 0.73 per cent, 0.76 per cent and 0.76 per cent, while the BSEMIDCAP gained 0.64 per cent and the BSESMALLCAP lost 0.31 per cent.

Reboot: Traders work on the floor of the New York Stock Exchange in New York City on October 31, 2012, the first day of opening after Hurricane Sandy hit the east coast of USA and caused trading to be stopped for two whole days. The markets lost 14 points due to Sandy. Forecasting firm Eqecat predicted that the cost of the damage could be between USD 30 billion and 50 billion. Pic/AFP