Market benchmark Sensex fell 190 points and the Nifty slumped below the 12,000 level on Friday after the Economic Survey suggested relaxing fiscal deficit target to revive growth.
RBI money policy: EMIs stable, call for tax cut on fuel & other takeaways SECTIONS Share Synopsis The Monetary Policy Committee of RBI decided to keep the policy rate unchanged, maintained growth projections and pledged to keep money supply open. Agencies The RBI said it would provide liquidity support of Rs 50,000 crore for fresh lending during 2021-22 to All India Financial Institutions. Related NEW DELHI: The Reserve Bank of India on Wednesday tried to strike a conciliatory note by delivering on the expectations and extending an olive branch to bond traders, who had been revolting in the recent past. The Monetary Policy Committee of RBI decided to keep the policy rate unchanged, maintained growth projections, pledged to keep money supply open and batted for a tax rate cut on fuel so that inflation may come down.
RBI extends olive branch to bond mart with upfront purchase offer indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Story Share Market Highlights: Investors give thumbs up to Budget, Sensex ends 2,314 points higher; Nifty at 14,281 Sensex, Nifty Highlights on Budget day, February 1: Almost all the sectors closed in green territory today, rising in the range of 3-6%, except for pharma index BusinessToday.In | February 1, 2021 | Updated 16:10 IST India Stock Market News Highlights Today on union Budget 2021: IndusInd Bank, ICICI Bank, SBI, HDFC Bank were among the top gainers today while HCL Tech, Dr Reddy, Tech Mahindra were among top losers Sensex, Nifty Highlights on Union Budget 2021:In a historical move, benchmark indices Sensex and Nifty closed 5% higher on Monday, as market participants reacted positively to the announcements by Finance Minister Nirmala Sitharaman in Union Budget 2021. BSE benchmark index S&P Sensex, ended 2,314 points higher at 48,600 and NSE Nifty 50 index gained 646 points to 14,281. This was once in a life time jump seen on Budget day, with Sensex and Nifty rising over 5% each. Almost all the sectors were trading in green territory today, rising in the range of 3-6%. Gains in banking, real estate and financial stocks, were capped by losses in IT and pharma stocks. Last Friday, S&P BSE Sensex, tumbled 588.59 points or 1.26% to 46,285.77. The Nifty 50 index lost 182.95 points or 1.32% to 13,634.60. With no major boost for industry, budget 2020 had failed to cheer the Dalal street as the market witnessed its biggest fall on February 1 since 2009. On last year s budget announcement, Sensex had crashed 2.43% and closed right below 40K, as investors lost around Rs 3.6 lakh crore of wealth on BSE.
Why Sensex surged over 2,300 points on Budget day? Explained in 10 points Sensex surged over 2,000 points 3 min read Share Via Read Full Story Indian stock markets surged today with Sensex surging over 2,300 points to 48,600 after the finance minister announced a slew of measures to revive the pandemic-hit economy. The NSE Nifty 50 surged 4.7% to 14,281. This marked the Nifty s best daily performance on a budget day since at least 1996, according to Refinitiv data. Finance Minister Nirmala Sitharaman proposed a vehicle scrappage policy, recapitalisation of public-sector banks and divestment of some state-owned lenders, aiming to bolster an economy that plunged into its deepest recorded slump amid the virus outbreak.
Story Share Market Highlights: Investors give thumbs up to Budget, Sensex ends 2,314 points higher; Nifty at 14,281 Sensex, Nifty Highlights on Budget day, February 1: Almost all the sectors closed in green territory today, rising in the range of 3-6%, except for pharma index BusinessToday.In | February 1, 2021 | Updated 16:10 IST India Stock Market News Highlights Today on union Budget 2021: IndusInd Bank, ICICI Bank, SBI, HDFC Bank were among the top gainers today while HCL Tech, Dr Reddy, Tech Mahindra were among top losers Sensex, Nifty Highlights on Union Budget 2021:In a historical move, benchmark indices Sensex and Nifty closed 5% higher on Monday, as market participants reacted positively to the announcements by Finance Minister Nirmala Sitharaman in Union Budget 2021. BSE benchmark index S&P Sensex, ended 2,314 points higher at 48,600 and NSE Nifty 50 index gained 646 points to 14,281. This was once in a life time jump seen on Budget day, with Sensex and Nifty rising over 5% each. Almost all the sectors were trading in green territory today, rising in the range of 3-6%. Gains in banking, real estate and financial stocks, were capped by losses in IT and pharma stocks. Last Friday, S&P BSE Sensex, tumbled 588.59 points or 1.26% to 46,285.77. The Nifty 50 index lost 182.95 points or 1.32% to 13,634.60. With no major boost for industry, budget 2020 had failed to cheer the Dalal street as the market witnessed its biggest fall on February 1 since 2009. On last year s budget announcement, Sensex had crashed 2.43% and closed right below 40K, as investors lost around Rs 3.6 lakh crore of wealth on BSE.
Except for pharma, realty and financial services, all other indices on NSE closed in green territory, with over 3% gain registered in PSU banking sector
Retail inflation sees remarkable decline in December, can RBI think of cutting rates further? The Consumer Food Price Index (CFPI) or the inflation in the food basket eased to 3.41 percent in the month of December, down from 9.50 percent in November. January 13, 2021 / 09:21 AM IST India s Consumer Price Index (CPI), which measures the country s retail inflation, eased to 4.59 percent in December versus 6.93 percent in November. This month s CPI has fallen within the Reserve Bank of India’s (RBI) upper margin of 6. The Consumer Food Price Index (CFPI) or the inflation in the food basket eased to 3.41 percent in the month of December, down from 9.50 percent in November, as per the data.