Market jumped before RBI policy decision

Market jumped before RBI policy decision

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Mumbai: The sector recovered from the last two consecutive days of decline due to strong buying in thirteen groups including IT, CD, Financial Services, Utilities and Consumer Durables in anticipation of investors keeping the policy rates unchanged in the Reserve Bank of India’s (RBI) bi-monthly monetary policy review meeting. The stock market recovered and jumped higher today. BSE’s 30-share sensitive index Sensex jumped 350.81 points to 74,227.63 points.

Also, Nifty of National Stock Exchange (NSE) closed at 22,514.65 points with a gain of 80.00 points. Unlike big companies, there was selling in medium companies but shares of small companies remained strong. During this period, BSE midcap slipped 0.11 percent to 40,625.41 points while smallcap increased by 0.54 percent to 45,803.97 points. During this period, shares of a total of 3947 companies were traded in BSE, out of which 2451 were bought while 1397 were sold while there was no change in 99. Similarly, 31 companies of Nifty closed in the green while the remaining 19 closed in the red.

The post Market jumped before RBI’s policy decision appeared first on Dainik Savera Times | Hindi News Portal.

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