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Stock market salutes RBI’s policy, 3 days fall covered in a single day

Highlights

Nifty and Sensex covered the fall of the last 3 days in a single day today.
Public sector banks were the fastest. There was an increase of more than 3 percent of these.
India Wix became very quiet today. It saw a weakness of 6.27 percent today.

New Delhi. Today, on 30 September, the Reserve Bank of India released its new monetary policy. The Indian stock market welcomed this new policy openly and broke the continuous falling order for 6 days. Not only broke the cycle of decline, but also made a tremendous recovery. Nifty and Sensex covered the fall of the last 3 days in a single day today.

On Friday, the BSE Sensex jumped 1016.96 points or 1.80 per cent to close at 57,426.92, while the Nifty 50 gained 276.20 points or 1.64 per cent. It closed at 17,094.30. There was a sharp fall in Nifty Bank in the past, so today’s jump was also very fast. It closed at 38,631.90 with a jump of 984.10 points (2.61 per cent).

Also Read – RBI Policy: Retail Inflation Will Remain! If it decreases in FY24, then GDP will get speed

Public sector banks topped the booming sectors. There was an increase of more than 3 percent of these. Bank Nifty at number two followed by Finance, Reality, Metal and Energy sectors also saw a jump of more than 2 per cent.

fear meter calmed down
The indicator India Vix, which is called the meter of fear in the stock market, looked quite cool today. It saw a weakness of 6.27 percent today. It opened at 21.3, while it closed at 19.96. Its staying below 18 is considered good for the market. But as soon as this fear meter goes up, an atmosphere of fear is created in the market and selling is seen.

Also read – These stocks will benefit from RBI policy, will earn big in the coming days

Nifty 50 top gainers

company price Increase (in Rs.) Increase (in %)
Hindalco 390.55 19.35 5.21
Bharti Airtel 799.90 35.25 4.61
IndusInd Bank 1,185.20 42.95 3.76
Bajaj Finance 7,335.75 231.00 3.25
Kotak Mahindra 1,819.20 53.90 3.05

Top losers of Nifty 50

company price Decline (in Rupees) in decline)
Asian Paints 3,342.45 -42.35 -1.25
Shree Cements 21,033.10 -253.95 -1.19
Coal India 212.25 -1.65 -0.77
Dr Reddys Labs 4,335.70 -25.00 -0.57
Britannia 3,843.05 -21.45 -0.56

The above figures are taken from Moneycontrol.

Tags: business news, Business news in hindi, Share market, stock market

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