Stock market rises after new monetary policy, Sensex gains 377 points
After the announcement of RBI’s new monetary policy, the Sensex saw a jump of 377 points. On Wednesday, the stock indices closed with gains in Sensex and Nifty. In this, shares of IT, financial and oil companies increased.
The 30-share BSE Sensex closed at 60,663.79, up 377.75 points, or 0.63 per cent, after two days of losses. At the same time, NSE’s Nifty rose 150.20 points or 0.85 percent to close at 17,871.70.
The BSE Sensex was up 360.77 points, or 0.60 per cent, at 60,646.81 on Wednesday morning, while the broader NSE Nifty was up 121.60 points, or 0.69 per cent, at 17,843.10.
The list of top gainers included names of Bajaj Finance, UltraTech Cement, Reliance Industries, Infosys, Wipro, HCL Tech, TCS, Bajaj Finserv, Tata Motors, Tech Mahindra, Titan and Maruti.
Performance of other markets
Hong Kong, Sydney and Seoul markets rose while that of Tokyo and Shanghai declined. US futures turned lower while oil prices were little changed. Foreign institutional investors (FIIs) were net sellers in the capital market on Tuesday, selling shares worth Rs 2,559.96 crore, according to exchange data.
