Stock market update October 5: Sensex closes 405 points up at 65,631

There has been a rise in the stock market today i.e. Thursday (5 October). Sensex has risen 405 points and closed at the level of 65,631. At the same time, Nifty rose by 109 points. It closed at the level of 19,545. Out of 30 Sensex stocks, 20 have seen a rise and 10 have seen a decline.

In today’s trading, IT, Auto and Infra indices closed on the rise. Buying was seen in banking and realty stocks. Pressure was seen in PSU bank, pharma, metal shares, while energy, FMCG indices closed on the decline. The rupee weakened by 5 paise and closed at Rs 83.29 against the US dollar.

There has been a big fall in the prices of crude oil once again. Brent crude fell 6% to $ 86 per barrel. WTI crude is also trading around $84.50 per barrel. Crude oil has slipped to its lowest level in 5 weeks.

Second day of the Monetary Policy Committee meeting of RBI

Today was the second day of the Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI). The results of this meeting will be announced on October 6. It is being speculated that RBI may keep the interest rates unchanged for the fourth consecutive time. RBI had increased the repo rate to 6.5% in February 2023. There has been no change in this since then.