City
Epaper

RBI's monetary policy, upcoming Q2 results' expectations lift equities

By IANS | Updated: October 8, 2021 15:15 IST

Mumbai, Oct 8 India's key equity indices - S&P BSE Sensex and NSE Nifty50 - traded in the ...

Open in App

Mumbai, Oct 8 India's key equity indices - S&P BSE Sensex and NSE Nifty50 - traded in the green during Friday's late afternoon trade session after RBI's monetary policy boosted sentiments.

Besides, positive global cues and investors' expectations of healthy Q2 results kept the market buoyed.

Accordingly, the 30-scrip sensitive index traded at 60,153.02 points around 2.30 p.m., up 475.19 points or 0.80 per cent.

Besides, the NSE Nifty50 traded at 17,919.90 points, up by 129.55 points or 0.73 per cent.

According to Likhita Chepa, Senior Research Analyst, CapitalVia Global Research: "Indian Equity benchmarks continued to trade in green after some marginal downfall in the afternoon session. Sentiments were upbeat as the RBI stated that India's growth rate has been improving and the projection for GDP for the financial year (FY22) has been retained at 9.5 percent."

"RBI's policy kept the market sentiments bullish. Domestic sentiments impacted by positive cues from other Asian markets."

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Standard & Poor'sindiansemumbaiIndiUk-indiaRepublic of indiaIndia indiaGia india
Open in App

Related Stories

MumbaiMumbai: Man Generates Fake Local Train Pass Via ChatGPT ; FIR Registered

MumbaiBMC Elections 2026: Gangster Arun Gawli’s Daughters Geeta and Yogita File Nominations for Mumbai Civic Body Polls

EntertainmentSalman Khan Birthday: Bandra-Worli Sea Link Illuminated as Bollywood’s Bhaijaan Turns 60 (Watch Videos)

MumbaiMumbai: Quick-Thinking By Traffic Police Constable Saves Driver’s Life by Performing CPR

MumbaiMumbai–Pune Expressway Traffic Update: Massive Vehicular Jams Reported Amid Christmas–New Year Rush

International Realted Stories

InternationalMagnitude 7.0 earthquake hits Taiwan

InternationalIsrael carries out operations in Qabatiya at terrorist's residence involved in attack earlier

InternationalNepal PM holds talks with top leaders of major political parties

International15 die, 19 injured in Guatemala bus accident

InternationalUAE expands strategic partnerships, unlocks growing investment opportunities in Latin America