Published : 30 June 2023
By : Sachin Gupta
Nifty and the Bank Nifty reached new highs, and the PSU Bank Index rose over 1%, with SBI and Bank of Baroda leading the way.
After the RBI reported that at the end of March 2023, the bad-loan ratio was at 3.9% of all loans, down from 5.9% the year before.
On Wednesday, Nifty reached an all-time high of over 19,000, and the intraday high for the Sensex was over 64,000.
Nifty Metals, Nifty PSU Banks, Nifty Auto, Nifty Consumer Durables, and Nifty FMCG led the sectoral indices in trading gains.
The National Stock Exchange has canceled its plan to move the Nifty Bank derivative contracts' expiration date from Thursday to Friday.
Earlier it made decision to move the expiration from Thursday to Friday. NSE made the decision to drop the proposal for the benefit of market growth.