Nifty ends at 23,290, Sensex jumps 1,619 after RBI monetary policy decision
Indian Benchmark equity indices rose to a record closing on Friday, June 7 amid broad-based buying after the Reserve Bank of India (RBI) revised the FY25 GDP growth projection to 7.2 per cent from 7 per cent earlier.
The 30-stock BSE Sensex, which had opened lower at 75,032 climbed in the afternoon session to touch its all-time high of 76,795 in intraday trades. At close, the Sensex was at 76,693 up 1,619 points, or 2.16 percent. Similarly, Nifty, which had also opened flat at 22,822 climbed to an intra-day high of 23,320 only 18 points short of its all-time high. At close, the Nifty 50 was at 23,290 up 469 points, or 2.05 percent.
In the forex market, the Indian rupee ended at 83 rupees and 38 paise against the US dollar.
Among the Nifty companies, 48 were advancing while two were declining. Mahindra & Mahindra, Wipro, Tech Mahindra, Infosys, and Tata Steel were the top gainers in the Nifty 50 universe while SBI Life, and Tata Consumer Products.
The domestically focussed Nifty SmallCap100 was up 2.31 per cent, while Nifty MidCap100 settled 1.49 per cent higher.
The high-beta Nifty Bank index, whose 12 constituents include SBI, HDFC Bank, and ICICI Bank finished 1.04 per cent or 511.3 points higher at 49,803.2.
Announcing the second bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5 per cent.
In the Global Commodity Exchange, Gold, for 5th August contract, was trading at 72,084 rupees per 10 Grams, Silver, for 5th July Contract, was trading at 91,632 per kilogram, when reports last came in. In the Global Crude Market, Brent Crude was trading at 79 Dollars and 97 cents per Barrel
