HomeLifestyleShare Market: RBI will be soft, Indian stock market ran in this...

Share Market: RBI will be soft, Indian stock market ran in this hope

Highlights

The Sensex closed at 58,960.60, up 549.62 points (0.94 per cent).
Nifty 50 has gained 175.20 points (1.01 percent).
Bank Nifty rose by 398.35 points (1.00 per cent) today.

New Delhi. Today, on the second day of the week, on Tuesday also, there was a tremendous boom in the stock market. The BSE Sensex closed at 58,960.60 with a gain of 549.62 points (0.94 per cent). The Nifty 50 has gained 175.20 points (1.01 per cent) and closed at 17,487.00. Bank Nifty rose by 398.35 points (1.00 per cent) today and closed at 40318.80.

The biggest reason for this boom was a statement by Jayant Verma, a member of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI). Jayant Verma said in an interview to Reuters on Monday that even in the midst of rising inflation, it is possible that the central bank may not consider raising the repo rate at the moment from the perspective of the development of the economy. Obviously, this statement is very important for banks and it is a lifesaving form for banks as well as for the entire economy.

Also read – Before Diwali, another gift of Modi government to farmers, increased MSP of Rabi crops

Talking about the global markets, there was a rally in the US markets last night. The Dow Jones was up 1.86% yesterday, while the S&P 500 saw a rise of 2.65 percent. The Nasdaq was up 3.43% yesterday.

Nifty 50 top gainers

company price Increase (in Rs.) Growth (in %)
SBI 562.40 18.75 3.45
Adani Ports 810.80 24.60 3.13
Eicher Motors 3,622.00 107.30 3.05
ITC 340.85 8.60 2.59
SBI Life Insura 1,220.00 30.20 2.54

Top losers of Nifty 50

company price Decline (in Rupees) in decline)
NTPC 166.95 -1.50 -0.89
HDFC 2,331.65 -17.60 -0.75
Bajaj Auto 3,611.30 -17.70 -0.49
Tech Mahindra 1,019.40 -3.85 -0.38
Britannia 3,766.85 -10.85 -0.29

Tags: BSE Sensex, business news, Share market, stock market

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