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(07/04/2021 16:57)

Post-Session: Sensex, Nifty end in green after RBI holds rates

Indian benchmark indices ended higher on Wednesday after the RBI expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat to growth due to the resurgence of coronavirus cases.

The Reserve Bank of India (RBI) on Wednesday kept key interest rates unchanged at record lows while pledging to buy Rs 1 lakh crore of government bonds this quarter to cap borrowing costs in a bid to support an economy facing a resurgence of the pandemic.

In the first monetary policy of the 2021-22 fiscal, the central bank stuck to its accommodative stance amid concerns of rising infections that could derail the nascent economic recovery.

The 30-share benchmark index ended at 49661.76 up by 460.37 points or by 0.94 % and then NSE Nifty was at 14819.05 up by 135.55 points or by 0.92 %.

Sensex touched intraday high of 49900.13 and intraday low of 49093.9 The NSE Nifty touched intraday high of 14879.8 and intraday low of 14649.85

The top gainers of the BSE Sensex pack were State Bank of India (Rs. 358.45,+2.25%), ICICI Bank Ltd. (Rs. 577.55,+2.05%), Nestle India Ltd. (Rs. 17422.95,+2.02%), IndusInd Bank Ltd. (Rs. 945.80,+2.02%), Mahindra & Mahindra Ltd. (Rs. 796.40,+1.95%), among others.

The top losers of the BSE Sensex pack were Titan Company Ltd. (Rs. 1513.95,-0.78%), NTPC Ltd. (Rs. 105.45,-0.47%), Hindustan Unilever Ltd. (Rs. 2404.10,-0.14%), among others.

Among the sectors, Auto index was at 22389.22 up by 371.47 points or by 1.69%. Ashok Leyland Ltd. (Rs. 116.75,+3.78%), Motherson Sumi Systems Ltd. (Rs. 214.20,+3.63%), Bosch Ltd. (Rs. 14587.95,+3.19%), Mahindra & Mahindra Ltd. (Rs. 796.40,+1.95%), Hero MotoCorp Ltd. (Rs. 2942.00,+1.84%),.

Power index was at 2540.36 down by -5.55 points or by -0.22%. Adani Transmission Ltd. (Rs. 1054.85,-4.96%), KEC International Ltd. (Rs. 436.60,-0.56%), Tata Power Company Ltd. (Rs. 104.10,-0.53%), NTPC Ltd. (Rs. 105.45,-0.47%), NHPC Ltd. (Rs. 24.40,-0.20%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3436 , shares advanced were 2001 while 1208 shares declined and 227 were unchanged.