Thursday, April 15, 2021
News

Sensex up 460 points as RBI holds rates, JSW Steel gains 5.3 pc

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai (Maharashtra) | April 7, 2021 4:13:55 PM IST
Equity benchmark indices gained nearly one per cent on Wednesday as the Reserve Bank of India kept repo rate unchanged at 4 per cent and maintained 10.5 per cent growth projection for FY22.

Moreover, the International Monetary Fund has projected India's GDP to grow at 12.5 per cent in FY22.

The BSE S&P Sensex closed 460 points or 0.94 per cent higher at 49,662 while the Nifty 50 edged higher by 136 points or 0.92 per cent to 14,819.

All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty PSU bank up by 2 per cent, auto by 1.4 per cent, financial service by 1.1 per cent and IT by 1 per cent.

Among stocks, JSW Steel was up by 5.3 per cent to Rs 566.10 per share. State Bank of India gained by 2.2 per cent, SBI Life by 2.1 per cent and ICICI Bank by 1.9 per cent.

The other prominent winners were Britannia, Nestle India, Bajaj Auto, Hero MotoCorp, Wipro and Bharti Airtel.

However, Adani Ports fell by 1.9 per cent to close at Rs 819 per share. The others which lost were Titan, Tata Consumer Products, UPL, Hindustan Lever and Tata Motors.

Meanwhile, a gauge of Asian shares climbed to three-week highs as investors eyed the upcoming earnings season for further signs of a global economic recovery.

Besides, the IMF raised its global growth forecast to 6 per cent this year from 5.5 per cent, reflecting a rapidly brightening outlook for the US economy.

MSCI's broadest index of Asia Pacific shares outside of Japan was up by 0.3 per cent for its second straight day of gains.

Japan's Nikkei was 0.12 per cent higher while South Korea's Kospi added 0.33 per cent. Hong Kong's Hang Seng index fell by 0.91 per cent as technology stocks dipped. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Office space demand subdues in Jan-Mar: ...
Covid spike to delay domestic air passen...
Air India pilots threaten industrial act...
Emerging markets' quantitative easing pr...
Vahdam India doubles net revenue to Rs 1...
Quint Digital Media logs Q4 net profit o...
More...
 
INDIA WORLD ASIA
NGT clears TN's Mettur Lift Irrigation P...
No plan to impose lockdown in Haryana: D...
Chhattisgarh govt caps charge on handlin...
Kumbh 2021: All 13 akharas participated ...
Habeas corpus plea for two missing from ...
Two arrested in Gurugram for betting on ...
More...    
 
 Top Stories
Covid maintains surge in Kerala, TP... 
Azam's smashing ton helps Pakistan ... 
Maxwell ends fifty drought after 3 ... 
Covid spike to delay domestic air p... 
320 doses of Covaxin go missing fro... 
Air India pilots threaten industria... 
Vahdam India doubles net revenue to... 
NGT clears TN's Mettur Lift Irrigat...