(Pooja Dubey, Intern Journalist) Today, on the last trading day of the week i.e. Friday, the stock market is seeing strong growth. The Sensex crossed the 45000 marks for the first time with the announcement of the decisions taken in the meeting of the Reserve Bank of India (RBI) monetary policy committee. At 10:50 am, the Bombay Stock Exchange’s flagship index Sensex rose 380.68 points (0.85 percent) to 45013.33. At the same time, the Nifty of the National Stock Exchange was trading at 13239.10 with a gain of 105.20 points (0.80 percent). Indian stock markets, bonds, and currency markets were closed on Monday to commemorate Guru Nanak Jayanti. The next few months are very important for the economy.
The Sensex opened up 98.43 points (0.22 percent) to 44731.08 levels in the early trade amid mixed global cues and the Nifty opened 35.30 points higher at 13169.20 (0.27 percent).
Bank Governor Shaktikanta Das made the press conference and announced the decisions taken by the Monetary Policy Committee. The RBI has kept the repo rate stable at four percent. There is also no change in the reverse repo rate and bank rate. GDP growth is expected to be -7.5 percent for the entire financial year. RBI has raised its GDP growth forecast for the next quarter to 0.10 percent. Inflation based on the consumer price index is expected to be 6.8 percent in the third quarter and 5.8 percent in the fourth quarter.
The stock market recorded a weekly gain last week. The Bombay Stock Exchange’s leading index Sensex gained 267.47 points, or 0.61 percent, to 44,149.72 points, and the National Stock Exchange’s Nifty jumped 109.90 points, or 0.85 percent, to 12,968.95 points. It is known that the index has recovered the entire loss in the year 2020. It closed at 41,306.02 on January 1, 2020. However, according to analysts, further market volatility will continue. Hence investors should be cautious.
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