Thursday, Jun 8, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Business | Equity Benchmarks Spike To New Highs Ahead Of Rbi Policy Decision

Equity benchmarks spike to new highs ahead of RBI policy decision

SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack.

By PTI
Published Date - 09:55 AM, Fri - 5 February 21
Equity benchmarks spike to new highs ahead of RBI policy decision
whatsapp facebook twitter telegram

Mumbai: Equity benchmarks Sensex and Nifty advanced their record-setting spree in early trade on Friday, ahead of the RBI monetary policy outcome.

The 30-share BSE Sensex, briefly touched the 51,000-level, and was trading at 50,830.76, gaining 216.47 points or 0.43 per cent in opening trade.

Similarly, the 50-share NSE Nifty was quoted at 14,968.95, moving higher by 73.30 points or 0.49 per cent.

SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack.

Of the Sensex constituents, 22 shares were trading in the green.

On Thursday, the Sensex had ended 358.54 points or 0.71 per cent higher at its new closing record of 50,614.29; and the Nifty had settled with 105.70 points or 0.71 per cent gains at its closing peak of 14,895.65. Both indices had touched their all-time highs as well during the session.

Meanwhile, the Reserve Bank is scheduled to announce its bi-monthly monetary policy decision in a short while from now.

“The market will be keenly watching the monetary policy due today, particularly the nuances of the policy and indications coming from the central bank. The policy rates are likely to remain unchanged but there can be indications on liquidity management, going forward,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

The RBI has a crucial role to play in growth recovery by pursuing an accommodative stance for an extended period of time, he said adding that low-interest rates have turned out to be a strong tailwind for sectors like housing and automobiles.

Foreign institutional investors bought shares worth Rs 2,520.92 crore on a net basis on Thursday, according to exchange data.

Asian shares too moved higher during afternoon trade as governments around the globe accelerated vaccine rollout programmes to fight the COVID-19 pandemic.

Meanwhile, the global oil benchmark Brent crude was trading 0.39 per cent higher at USD 59.22 per barrel.

  • Follow Us :
  • Tags
  • bi-monthly monetary policy decision
  • Brent crude
  • BSE Sensex
  • equity

Related News

  • Sensex climbs 85.64 points to 63,228.60 in early trade

    Sensex climbs 85.64 points to 63,228.60 in early trade

  • Reserve Bank of India MPC retains repo rate at 6.5%

    Reserve Bank of India MPC retains repo rate at 6.5%

  • Rupee rises 8 paise to 82.52 against US dollar

    Rupee rises 8 paise to 82.52 against US dollar

  • Sensex climbs 235.1 points to 63,027.98 in early trade

    Sensex climbs 235.1 points to 63,027.98 in early trade

  • Make customers’ rights charter enforceable, says RBI panel

    Make customers’ rights charter enforceable, says RBI panel

  • India’s forex kitty drops USD 4.34 billion to USD 589.14 billion

    India’s forex kitty drops USD 4.34 billion to USD 589.14 billion

Latest News

  • Hyderabad: TSRTC to deploy 130 special buses for annual fish prasadam distribution on June 9, 10

    2 mins ago
  • Athletics: India’s Jyothi wins silver; Amlan Borgohain bags bronze

    6 mins ago
  • Telangana development possible only with CM KCR: Puvvada

    12 mins ago
  • Uttam urges Centre to setup military museum at Suryapet

    17 mins ago
  • Congress back in power would mean reversal of Telangana’s development, warns KTR 

    22 mins ago
  • GITAM and IIT Hyderabad to support 75 innovators

    22 mins ago
  • ‘I know the ending,’ reveals ‘The Lord of the Rings: The Rings of Power’ director JA Bayona

    27 mins ago
  • Amit Shah to visit Visakhapatnam on June 11

    27 mins ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam