Share Bazaar News: In the second bilateral monetary review of the Monetary Policy Committee of the Reserve Bank of India (RBI), the Monetary Policy Committee, the local stock market recorded a rise in the major policy rate repo on Friday after a 0.50 percent reduction in the major policy rate repo. To support the growth, the central bank has cut the repo rate for the third consecutive time. In the last 2 monetary review meetings, the Reserve Bank had cut the repo rate by 0.25–0.25 percent.Also Read: Sensex 444 points due to purchases in shares, 131 points in Nifty also gained 131 points
BSE Sensex recovered from early losses after RBI’s repo rate has been announced and gained 591.94 points to 82,033.98 points. Similarly, the National Stock Exchange’s NSE NIFTY climbed 205.2 points to 24,956.10 points. The interest rate will be seen to increase a significant increase in sensitive areas. The realty index rose 2.80 percent while the vehicle index rose by 1.14 percent and the bank index by 0.98 percent. The repo rate has now come down to 5.5 percent. This is expected to reduce interest rates for customers taking vehicles, housing and corporate loans. This is the lowest level of repo rate in three years.Also Read: Stock market declines in early trade, Sensex 200 and Nifty 61 points slipped
Shares of these major companies fluctuate: Among the 30 companies included in the Sensex, Tata Motors, Bajaj Finance, ICICI Bank, Bajaj Finserv, Reliance Industries and Bharti Airtel were in loss. IndusInd Bank, Tata Steel, the share of the Internal (East Jomato), Adani Ports and Mahindra & Mahindra were in profit.
In Asian and American markets: Among the Asian markets, South Korea’s Cappey, Shanghai SSE Composite and Japan’s Nikki were in 225 benefits, while Hong Kong’s Hangseng was in disadvantage. The American markets were closed with a negative attitude on Thursday.Also Read: Share Market Today: After becoming India’s fourth largest economy
Brent Crude at $ 65.15 per barrel and FII was sold on Wednesday: International standard Brent crude fell by 0.29 percent to $ 65.15 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Wednesday and purely sold shares worth Rs 208.47 crore. (Language)
Edited by: Ravindra Gupta
