Market today

In a bid to boost ease liquidity in the system and to help banks provide credit for productive purposes at appropriate interest rates, the Reserve Bank cut the cash reserve ratio by 50 basis points, and both the repo and reverse repo rates by 100 bps.The government and the Reserve Bank announced the fiscal and monetary policy measures on Friday evening, the market has started displaying strength, and perhaps the equity markets will start reacting positively at early trade on Monday morning.