Asian stock markets were seen trading with gains following Wall Street gains. In overnight trade, US stocks rose over 1 per cent. Image: Reuters
Share Bazaar News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading at fresh record high levels on Friday. BSE Sensex hit 51,000, gaining over 325 points or 0.64 per cent, while the broader Nifty 50 index crossed the crucial 15,000-mark. The top Sensex gainers were State Bank of India (SBI), IndusInd Bank, ONGC, Kotak Mahindra Bank, Titan Company, Housing Development Finance Company (HDFC), Maruti Suzuki, among others. On the flip side, Power Grid Corporation of India, TCS, M&M, Bharti Airtel were among the top Sensex laggards. The trend among Nifty sectoral indices was firm, led by the Nifty Bank index which hit a fresh lifetime high and crossed 36,000, up over 2 per cent.
The Reserve Bank’s rate-setting Monetary Policy Committee (MPC) kept the repo rate unchanged and maintained the accommodative stance. This is the first MPC meeting after the presentation of the Union Budget 2021-22. The MPC kept the key benchmark rate unchanged in its last three reviews. The current repo rate — rate at which RBI lends to banks — is at a record low of 4 per cent. The reverse repo rate — rate for funds parked by banks with RBI — is 3.35 per cent.
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