Mumbai . The reaction of the domestic stock market to the Reserve Bank of India (RBI) decision was encouraging and the Sensex and Nifty closed on the last day of the week for the seventh consecutive session. The Sensex climbed nearly 327 points to close above 40,500 and the Nifty gained about 80 points. In view of the improvement in the country’s economy, the RBI announced certain measures to increase liquidity, which kept the market buzzing.
The Sensex gained 326.82 points, or 0.81, to close at 40,509.49 from the previous session, while the Nifty gained 79.60 points or 0.67 percent to 11,914.20 from the previous session.
The 30-share Bombay Stock Exchange (BSE) -based major sensitive index Sensex gained 43.58 points to open at 40,226.25, up 40.585.36 during the day’s trading, while the Sensex closed at 40,066.54 during the day’s trading.
The National Stock Exchange (NSE) Nifty, a major sensitive index based on 50 stocks, opened 17.45 points higher than the previous session at 11,852.05 and rose to 11,938.60 during day trading, while the Nifty closed at 11,805.20.
However, the BSE Midcap index closed at 14,765.55, a fall of 61.81 points or 0.42 per cent in the previous session, and the Smallcap index also closed 44.17 points or 0.29 per cent at 14,966.21.
15 stocks of Sensex rose, while 15 stocks closed down. The top five Sensex stocks were ICICI Bank (3.64 per cent), Axis Bank (3.64 per cent), SBIN (3.52 per cent), HDFC Bank (3.51 per cent) and L&T (3.10 per cent).
Five of the Sensex’s biggest losers were Sun Pharma (2.08 per cent), Asian Paint (1.92 per cent), Nestle India (1.57 per cent), UltraTech Cement (1.07 per cent) and Hindustan Unilever (1.02 per cent).
Out of the 19 sectors on the BSE, 10 sectors gained, while the index of nine sectors closed down.
The indices of BSE’s top five sectors included Bank Index (2.64 per cent), Finance (1.82 per cent), Capital Goods (1.28 per cent), Oil and Gas (0.70 per cent) and IT (0.65 per cent).
Five of BSE’s most vulnerable sectors included realty (1.58 per cent), healthcare (1.01 per cent), FMCG (0.69 per cent), consumer discretionary goods and services (0.57 per cent) and basic materials (0.53 per cent).
A total of 3,144 stocks traded on the BSE, out of which 1,376 stocks gained while 1,584 stocks declined. 184 shares closed at the end of the session without any change.
The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to keep the key interest rate repo rate stable at four per cent. At the same time, the reverse repo rate has also been retained at 3.35 per cent.
On the other hand, there was a strong trend in the domestic stock market due to strong signals from foreign markets.
Leave a Reply