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Sensex gains 1% ahead of RBI MPC policy decision
The New Indian Express Coimbatore
|December 06, 2024
Rate cut unlikely at this meeting as RBI may await macro data, some expect CRR cut
DOMESTIC equity rallied sharply during the second half of Thursday's trading session amid renewed hope of a dovish monetary policy by the Reserve Bank of India (RBI). Further, a halt in selling by foreign institutional investors (FIIs) lifted sentiments.
Benchmark indices - BSE Sensex and NSE Nifty50, recovered from early losses and settled in green for the fifth consecutive session. The Sensex closed 809.53 points or 1% higher at 81,765.86 while the Nifty50 settled at 24,708.40, up 240.95 points or 0.98%.
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