Sensex up 460 points as RBI holds rates, JSW Steel gains 5.3 pc

Updated:1 week, 4 days ago

Mumbai, Apr 07 (ANI): Equity benchmark indices gained nearly one per cent on Wednesday as the Reserve Bank of India kept repo rate unchanged at 4 per cent and maintained 10.5 per cent growth projection for FY22. Moreover, the International Monetary Fund has projected India's GDP to grow at 12.5 per cent in FY22. The BSE S&P Sensex closed 460 points or 0.94 per cent higher at 49,662 while the Nifty 50 edged higher by 136 points or 0.92 per cent to 14,819. All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty PSU bank up by 2 per cent, auto by 1.4 per cent, financial service by 1.1 per cent and IT by 1 per cent. Among stocks, JSW Steel was up by 5.3 per cent to Rs 566.10 per share. State Bank of India gained by 2.2 per cent, SBI Life by 2.1 per cent and ICICI Bank by 1.9 per cent The other prominent winners were Britannia, Nestle India, Bajaj Auto, Hero MotoCorp, Wipro and Bharti Airtel. However, Adani Ports fell by 1.9 per cent to close at Rs 819 per share. The others which lost were Titan, Tata Consumer Products, UPL, Hindustan Lever and Tata Motors. Meanwhile, a gauge of Asian shares climbed to three-week highs as investors eyed the upcoming earnings season for further signs of a global economic recovery. Besides, the IMF raised its global growth forecast to 6 per cent this year from 5.5 per cent, reflecting a rapidly brightening outlook for the US economy. MSCI's broadest index of Asia Pacific shares outside of Japan was up by 0.3 per cent for its second straight day of gains. Japan's Nikkei was 0.12 per cent higher while South Korea's Kospi added 0.33 per cent. Hong Kong's Hang Seng index fell by 0.91 per cent as technology stocks dipped.

Top Videos

Updated:3 months, 1 week ago

Pan-India dry run for COVID vaccine tomorrow: Harsh Vardhan

Updated:3 months, 1 week ago

PM Modi joins world leaders in condemning US Capitol siege

Updated:3 months, 4 weeks ago

Indo-Japan Samvad: Buddha’s message spread out from India to world, says PM Modi

Updated:3 months, 4 weeks ago

Centre preparing with states for past 4 months for COVID-19 vaccination: Harsh Vardhan

Updated:3 months, 4 weeks ago

In Jan, India may be in position to give 1st COVID vaccine shot: Harsh Vardhan

Updated:3 months, 4 weeks ago

Worst is over but still need to be cautious: Health Minister on COVID-19 cases in India

Sensex up 460 points as RBI holds rates, JSW Steel gains 5.3 pc

Top Videos

Related Video

Stocks crack as second wave of COVID intensifies

Equity indices end flat, Wipro gains 9%

Panasonic introduces agricultural technology in Japan

Equity gauges on upswing, Wipro top gainer

‘Day off for me’: Dilip Ghosh after getting ban for 24 hrs by EC

Equity indices end higher led by pharma, financial stocks

Equity indices trade flat, Infosys drops 3.8 pc

Bourses closed on account of Ambedkar Jayanti

Equity indices rebound led by auto stocks

Equity indices edge higher on mixed Asian cues, ONGC top gainer

Equity indices plummet 2.4 pc on rising COVID-19 infections

No hike in fertilizer prices

Equity indices remain range-bound, private banks lose

Taxpayers confidence on us gave better tax collection: PC Mody

Sensex up 460 points as RBI holds rates, JSW Steel gains 5.3 pc

Equity indices gain as RBI holds rates, Adani Ports up 2.9%

RBI projects CPI inflation for 2021-22 under 5%

RBI keeps repo rate unchanged at 4%

Equity indices gain on positive global cues, pharma and auto stocks up

Sensex cracks by 871 points on COVID worries, banking and financials hit