Friday, Sep 25, 2020 | Last Update : 07:13 AM IST

185th Day Of Lockdown

Maharashtra128396397321434345 Andhra Pradesh6543855794745558 Tamil Nadu5636915082109076 Karnataka5485574446588331 Uttar Pradesh3742773076115366 Delhi2606232243755123 West Bengal2378692080424606 Odisha196888161044805 Telangana1792461481391070 Bihar174266159700878 Assam165582135141608 Kerala15445898720614 Gujarat1289491093113382 Rajasthan1227201023301352 Haryana118554984101177 Madhya Pradesh115361814752007 Punjab105220814752860 Chhatisgarh9562358833680 Jharkhand7643862945626 Jammu and Kashmir68614480791024 Uttarakhand4440432154501 Goa3055224347360 Puducherry2489519311467 Tripura2378616955245 Himachal Pradesh133869232125 Chandigarh109688342123 Manipur9537736959 Arunachal Pradesh8416607113 Nagaland5730459810 Meghalaya4733252838 Sikkim2447190529 Mizoram158510120
  Business   Market  06 Aug 2020  Sensex ends 362 points higher after RBI policy, Nifty tops 11,200

Sensex ends 362 points higher after RBI policy, Nifty tops 11,200

PTI
Published : Aug 6, 2020, 4:59 pm IST
Updated : Aug 6, 2020, 4:59 pm IST

Tata Steel was the top gainer in the Sensex pack, rising around 4 per cent

 Sensex surged 362 points on Thursday after the RBI left interest rates unchanged. (PTI Photo)
  Sensex surged 362 points on Thursday after the RBI left interest rates unchanged. (PTI Photo)

Mumbai: Domestic equity benchmark Sensex surged 362 points on Thursday after the RBI left interest rates unchanged but maintained an accommodative stance to boost growth.

After rallying 558 points during the day, the BSE Sensex ended 362.12 points or 0.96 per cent higher at 38,025.45. The broader NSE Nifty jumped 98.50 points or 0.89 per cent to 11,200.15.

 

Tata Steel was the top gainer in the Sensex pack, rising around 4 per cent, followed by Infosys, Bajaj Finance, TCS, HCL Tech, ICICI Bank and Tech Mahindra.

On the other hand, Bharti Airtel, M&M, L&T and Axis Bank were among the laggards.

Earlier in the day, the Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, left the benchmark repurchase (repo) rate unchanged at 4 per cent.

Consequently, the reverse repo rate will continue to earn 3.35 per cent for banks for their deposits parked with the RBI.

Das said the MPC voted for keeping the interest rate unchanged and continued with its accommodative stance to support growth.

 

According to experts, market participants cheered the RBI's balanced approach, which is seen in line with expectations that the central bank will be looking at alternate measures such as forward guidance and maintain sufficient liquidity.

On the currency front, the rupee settled flat at 74.94 against US dollar.

In the global market, bourses in Shanghai and Seoul ended with gains, while Hong Kong and Tokyo closed in the red.

Stock exchanges in Europe were also trading on a negative note in early deals.

Brent crude futures, the global oil benchmark, slipped 0.04 per cent to USD 45.19 per barrel.

Tags: bombay stock exchange (bse) sensex, sensex, bse. nse. nifty, broader nifty, indian stock markets, domestic stock market, indian equities, global stock markets
Location: India, Maharashtra, Mumbai (Bombay)