Mumbai: The stock market has been pleased with the monetary policy of the Reserve Bank. Particularly, measures to maintain liquidity in the system have led to a spurt in bank shares. The Nifty has once again crossed 14800 due to the rise in bank shares. The Sensex has also closed stronger by over 450 points. Before this, the market also started with a boom. At the end of trading, the Sensex has gained 460 points to close at the level of 49662.
At the same time, the Nifty has closed at 14809 levels with a gain of 125 points. There has been all-round shopping in the market. Bank and financial stocks have been the fastest. The bank index has gained 1.42 per cent. While the PSU bank index is up 1.88 percent. IT and auto shares have also got support.
SBI, Mahindra & Mahindra and Nestle India are today’s top gainers. At the same time, Titan Company and NTPC have been the top losers. Talking about global signals, there has been a profit recovery from the upper levels in the US markets on Tuesday. But today the Dow Futures is showing an edge. At the same time, there have been mixed signals from Asian markets. Explain that the RBI has kept the repo rate at 4 per cent without making any change in the interest rates. Liquidity measures have been taken, while the trend is also soft for the future. GDP growth is estimated to be 10.5 per cent in FY 2022.
In today’s business, largecap stocks are seeing a boom. 26 stocks of Sensex 30 have closed in the green mark. There has been weakness in 4. SBI, Mahindra and Mahindra, Nestle India, IndusInd Bank, Bajaj Auto, ICICI Bank, Maruti and Airtel are among the list of top gainers. At the same time, the top losers include Titan Company, NTPCT, HUL and Bajaj Finserv.