LIVE market updates: The BSE Sensex and the Nifty50 indices were holding their across-the-board gains post the Reserve Bank of India’s monetary policy outcome where the central bank maintained key interest rates to support economic growth.
While the RBI is likely to continue remaining behind the curve for now, the upside risks on inflation make an inflection in monetary policy trajectory inevitable.
Against this backdrop, the BSE Sensex was at 58,472, up 838 points, while the Nifty50 was at 17,413.
The Nifty Bank index was up 1.5 per cent, and was comfortably trading above the 37,000-mark.
LIVE market updates: The benchmark indices started firm on Wednesday, ahead of the Reserve Bank of India’s monetary policy outcome.
The S&P BSE Sensex was up 642 points, or 1.11 per cent, at 58,276 levels in early deals while the Nifty50 index was back above the 17,350-mark.
Individually, shares of Hindustan Zinc added 1.5 per cent after the Vedanta group company’s board has approved an interim dividend of Rs 18 per equity share for FY22, and the record date for the same is December 15.
RateGainTravel Technologies IPO, meanwhile, got off to a slow start as the issue was subscribed only 41 per cent at the end of Day 1 of the issue on Tuesday.
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