RBI Repo rate hike pause boost markets: Sensex, Nifty sparkle
RBI Repo rate hike pause boost markets: Sensex, Nifty sparkle

Indian stock market witnessed a sharp upside move after the announcement of RBI Governor Shaktikanta Das  kept the repo rate unchanged at 6.50%.

As the market was expecting a 25 bps rate hike, Sensex and Nifty cheered this RBI policy meeting outcome and remained in green after the announcement for most of the session. BSE Sensex today rebounded sharply and closed at 59,832, a gain of 143 points, after hitting an intraday low of 59,520.  NSE Nifty gained 42 points to end the day at 17,599.

Leading the stock market with gains of more than 3% each during today's session were Bajaj Finance and Adani Enterprises. Tata Motors gained 2.5 percent. HCL Tech lost 1.6% of its value, with ONGC, ICICI Bank, and Axis Bank losing more than 1% each.

Among sectors indices, Realty had an almost 3% increase. Other notable gainers with increases of around 1% were those in the auto, metal, pharmaceutical, and energy sectors. IT had trouble and lost 0.7%. Both FMCG and consumer durables experienced a loss.
International Markets: On Thursday, the Nikkei share average in Japan fell to a two-week low, driven by a sell-off in exporters as a result of the yen's overnight gain. Heavyweight technology firms also declined, following the Nasdaq's decline. The Nikkei index fell 1.22%, reaching its lowest level since March 24. The larger Topix dropped 1.14%.
 China's stock market closed Thursday with a relatively flat performance as investors balanced new signs of economic improvement against simmering Sino-U.S. tensions. Healthcare and FMCG shares drove the increase in Hong Kong shares.

The Shanghai Composite Index barely changed, while China's blue-chip CSI300 Index dropped 0.2%. The China Enterprises Index and the Hang Seng Index of Hong Kong both increased by 0.3%. Hong Kong stock exchanged tech stocks rose 0.1%. Healthcare shares in Hong Kong increased by 2.6%, while materials shares increased by 2.4%.

Notwithstanding worries of a U.S. economic slowdown brought on by bad data, European equities moved up on Thursday as investors prepared for the lengthy Easter weekend. 

The UK's blue-chip index increased in early trade on Thursday, helped by equities connected to commodities, but most European markets were range-bound as concerns over a potential U.S. recession created an overhang before the Easter holiday.

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