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Tuesday, October 19, 2021

Market Highlights: Sensex climbs 381 points to end above 60,000 led by RIL, IT stocks

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 60,059.06, up 381.23 points (0.64 per cent), while the Nifty 50 settled at 17,895.20, up 104.85 points (0.59 per cent).

By: Express Web Desk | New Delhi |
Updated: October 8, 2021 6:21:35 pm
BSE in Mumbai. (Express photo by Ganesh Shirsekar)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange ended over 0.5 per cent higher on Friday led by gains in market heavyweight Reliance Industries (RIL) and information technology (IT) stocks.

The S&P BSE Sensex rose 381.23 points (0.64 per cent) to end at 60,059.06 while the Nifty 50 climbed 104.85 points (0.59 per cent) to settle at 17,895.20. Both the indices had opened higher earlier in the day and traded in the positive territory throughout the day.

On the Sensex pack, RIL, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services (TCS) and Tata Steel were the top gainers of the day while Hindustan Unilever (HUL), NTPC, Kotak Mahindra Bank, Maruti Suzuki India, Dr. Reddy’s Laboratories and Titan Company were the top laggards.

Among sectors, the Nifty IT index surged 1.96 per cent led by MindTree, Coforge and Wipro.

Earlier in the day, RBI’s Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 per cent for the eighth consecutive time while maintaining an ‘accommodative stance’. The reverse repo rate too was kept unchanged at 3.35 per cent. Additionally, the Marginal Standing Facility (MSF) rate and bank rate were also kept unchanged at 4.25 per cent.

(with inputs from agencies)

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15:39 (IST)08 Oct 2021
Equity markets at close

The S&P BSE Sensex ended at 60,059.06, up 381.23 points or 0.64 per cent, while the Nifty 50 settled at 17,895.20, up 104.85 points or 0.59 per cent.

11:23 (IST)08 Oct 2021
Repo rate unchanged at 4% for the eighth time, accommodative stance maintained

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 per cent while maintaining an ‘accommodative stance’ as long as necessary to revive and sustain growth and mitigate the impact of Covid-19 pandemic while ensuring inflation remains within the target, RBI Governor Shaktikanta Das announced on Friday.

The RBI governor added that the MPC’s decision was taken unanimously and informed that the reverse repo rate too was kept unchanged at 3.35 per cent. Separately, the Marginal Standing Facility (MSF) rate and bank rate were also kept unchanged at 4.25 per cent. Click here to read

10:04 (IST)08 Oct 2021
JUST IN | RBI keeps repo rate unchanged

The Monetary Policy Committee of the Reserve Bank of India kept repo rate unchanged at 4 per cent

09:46 (IST)08 Oct 2021
Global market update

Asian shares rose on Friday as Chinese shares returned from a one week holiday upbeat, tracking a global rally, while investors also eyed key U.S. jobs data for any fresh insight into the timing of Federal Reserve tapering.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5%, after rallying 2.1% the day before, its biggest daily gain since August. Japan's Nikkei index advanced 1.8%.

Chinese blue chips gained 0.56% as they resumed trading after being closed for the National Day holiday, while Hong Kong, which has been open all week, gained 1%. Elsewhere, Australian shares rose 0.84%, helped by mining stocks amid surging commodities prices.

(Reuters)

09:38 (IST)08 Oct 2021
Equity markets at open

Sensex jumps 223.79 pts to 59,901.62 in opening session; Nifty advances 77.75 pts to 17,868.10.

(PTI)

On Thursday, the benchmark equity indices on the BSE and National Stock Exchange ended over 0.75 per cent higher taking cues from their global peers and a drop in energy prices.

The S&P BSE Sensex surged 488.10 points (0.82 per cent) to end at 59,677.83, while the Nifty 50 rose 144.35 points (0.82 per cent) to end at 17,790.35.

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