Market boom due to RBI decisions, Sensex rises 329 points to 44,961

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The market has recorded an uptick with the results of RBI’s December monetary policy review. The Sensex has gained 328.72 points to reach the level of 44,961.37. At the same time, the Nifty has reached 13230.25. The RBI has not made any changes in the main interest rates in view of rising retail inflation. Hence the repo rate remains at 4 per cent and the reverse repo rate at 3.35 per cent.

BSE Sensex gained 33.26 points to 44,665.91 and NSE Nifty gained 43.50 points to open at 13,177.40. Within a few minutes of opening, the Sensex rose 171.69 points to reach the level of 44,804.34. Out of 30 Sensex companies, TCS, Titan, Reliance, Kotak Mahindra Bank, HDFC, Tech Mahindra and Infosys are in the red mark in the beginning of business. On the Nifty, all other sectoral indices except IT stocks opened in green mark.

In the global markets, the US market has closed with an increase and the European market has closed down. Other markets except NIKKEI 225, HANG SENG, JAKARTA COMPOSITE and SHANGHAI COMPOSITE are trading in green mark in Asian markets.

The Sensex crossed the 44900 level for the first time in Thursday’s business. At the same time, the Nifty also crossed 13150. However, later the Sensex gained about 15 points to 44,632.65 and the Nifty gained 20 points to close at 13134. Maruti, ONGC, Asian Paints, NTPC, SBI, Bajaj Finserv, Tata Steel and HCL Tech were the top gainers on Thursday. At the same time, HDFC Bank, TCS, Bajaj Auto, Infosys, Airtel and Mahindra & Mahindra were the top losers.

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