Market Update: RBI Keeps Repo Rate Unchanged
The RBI's Monetary Policy Committee decided to keep the repo rate unchanged at 6.5%
Representation of market fluctuations on a graph as Indian bourses bounce back.
Indian bourses opened in negative on Friday. The markets fell after the apex bank decided not to make any changes in interest rates.
The RBI's Monetary Policy Committee decided to keep the repo rate unchanged at 6.5%. The RBI took this decision amid rising inflation concerns.
The apex bank also projected a 7.2% GDP growth and 4.5% CPI inflation for FY25.
Trent, Alkem Lab, Vodafone Idea, Lupin and Oracle Fin Serv, were the top gainers on the Nifty. Piramal Enterprises, Shree Cements, Godrej Consumer, NALCO, and Asian Paints were the losers.
BSE Sensex: Recovered to 79,541, up 73 points.
Nifty50: Increased to 24,321, up 23 points.
Indian Indices
NIFTY 50 - 24319.10
SENSEX - 79570.31
NIFTY BANK - 50403.75
NIFTY IT - 39008.00
BSE SMALLCAP - 53681.96
Top Gainers
Trent - 5,681.10
Alkem Lab - 5,707.45
Vodafone Idea -16.22
Lupin - 2,054.80
Oracle Fin Serv - 10,325.90
Top Losers
Piramal Enterprises - 950.40
Shree Cements - 24,312
Godrej Consumer - 1,464.45
NALCO - 175.17
Asian Paints - 3,030
