New Delhi: The Indian market closed flat on the last trading day of the week i.e. Friday. Today, the Bombay Stock Exchange's flagship index Sensex fell 131.18 points, or 0.44%, to close at 29815.59. On the other hand, the Nifty of the National Stock Exchange closed at 8660.25 with a gain of 18.80 points, or 0.22%. Earlier, the market had closed for three consecutive days.
RBI quarantines its 50 employees due to corona
Talking about the big stocks, then the shares of Coal India, AXIS Bank, Cipla, NTPC, ITC, UPL, M&M, TCS, ICICI Bank and Nestle India closed up. Bajaj Finance, Hero MotoCorp, IndusInd Bank, GAIL, Maruti, Bharti Airtel, Hindalco, HCL Tech, Vedanta Ltd and Tata Steel were the major losers. Looking at the sectoral index, today, apart from media, auto and realty, all sectors closed up. These include FMCG, IT, Metal, Pharma, PSU Bank and Private Banks.
RBI announced reduction in repo rate, difficult to achieve 5% growth rate
Reserve Bank of India Governor Shaktikanta Das has made an important announcement to provide relief to the common citizen. He made important announcements to ensure that the public does not have any problem during the lockdown. He made all types of loans affordable to the public. Reducing the repo rate will reduce your EMI. Relief in EMI payment for three months was announced.
Major change in EPF rules, will be able to withdraw this amount