Markets: After RBI policy outcome Sensex reclaims 60,000-mark

Key benchmark Sensex climbed 381 points on Friday to close above the 60,000-level as investors remained cheerful after the Reserve Bank of India maintained its accommodative stance and kept key interest rates unchanged in its bi-monthly monetary policy review.

The  BSE Sensex jumped 381.23 points or 0.64 percent to close at 60,059.06, while the NSE Nifty rose 104.85 points or 0.59 percent to its fresh closing peak of 17,895.20. Reliance Industries was the top gainer in the Sensex pack, followed by Infosys, Tech Mahindra, HCL Tech, TCS and L&T.

On the other hand, HUL, NTPC, Maruti, Dr. Reddy’s, Titan and Kotak Bank were among the laggards. Rate-sensitive banking and realty indices ended in the red, while auto closed with gains. The RBI expectedly kept interest rates unchanged at a record low but signalled the start of tapering pandemic-era stimulus measures on economic recovery taking root.

Sectorally, Nifty PSU Bank, Media, Oil & Gas, Auto and Metal indices also rose between 0.3-1.8 per cent. On the other hand,  Nifty financial services, FMCG, pharma, realty and healthcare shares witnessed selling pressure.  Meanwhile, international oil benchmark Brent crude rose 0.83 percent to USD 82.63 per barrel.

 

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