Sensex climbs to 51,000 mark, Nifty tops Mt 15K: Key factors behind market rally
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Last Updated: Feb 05, 2021, 10:57 AM IST
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The sentiments were also upbeat ahead of the RBI policy meet outcome scheduled later in the day.
The S&P BSE Sensex topped the 51,000 mark for the first time ever.
NEW DELHI: Euphoria over the government s capex plans refuses to die down as investors piled on shares of banks and financials, especially after the superior Q3 show of the largest bank in India, pushing benchmark indices to fresh highs.
“The market will be keenly watching the monetary policy due today, particularly the nuances of the policy and indications coming from the central bank. The policy rates are likely to remain unchanged but there can be indications on liquidity management, going forward. The RBI has a crucial role to play in growth recovery by pursuing an accommodative stance for an extended period of time, said VK Vijayakumar, Chief Investment Strategis
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The growth-focussed Budget with no disappointing announcement by Finance Minister Nirmala Sitharaman boosted market sentiment. As a result, foreign investors, who were pulling out of markets in the last week of January, returned to Indian markets as they have net bought Rs 10,196 crore worth of shares since the Budge