Nifty 17938.4 (-0.96%)
Sensex 60113.39 (-1.06%)
Nifty Bank 38041.35 (-0.44%)
Nifty IT 37293.05 (-2.10%)
Nifty Financial Services 18245.5 (-1.21%)
Adani Ports 743.55 (-2.54%)
Asian Paints 3282.95 (-2.69%)
Axis Bank 731.15 (0.82%)
B P C L 393.95 (-1.04%)
Bajaj Auto 3452.15 (1.51%)
Bajaj Finance 7590.00 (-1.99%)
Bajaj Finserv 18054.45 (-0.55%)
Bharti Airtel 703.45 (-1.53%)
Britannia Inds. 3583.45 (-1.06%)
Cipla 897.00 (-0.57%)
Coal India 163.65 (1.77%)
Divis Lab. 4479.45 (-1.05%)
Dr Reddys Labs 4677.00 (-0.35%)
Eicher Motors 2722.95 (-0.49%)
Grasim Inds 1808.45 (-2.36%)
H D F C 2617.20 (-1.70%)
HCL Technologies 1201.75 (-1.48%)
HDFC Bank 1519.10 (-0.66%)
HDFC Life Insur. 656.40 (-1.90%)
Hero Motocorp 2700.60 (0.29%)
Hind. Unilever 2312.00 (-2.43%)
Hindalco Inds. 503.95 (1.60%)
I O C L 125.10 (0.93%)
ICICI Bank 809.80 (-1.62%)
IndusInd Bank 893.00 (-0.74%)
Infosys 1865.00 (-2.90%)
ITC 220.40 (-0.16%)
JSW Steel 677.70 (-0.37%)
Kotak Mah. Bank 1908.40 (-1.74%)
Larsen & Toubro 2016.85 (-0.26%)
M & M 894.20 (0.23%)
Maruti Suzuki 8055.00 (1.77%)
Nestle India 19017.35 (-1.87%)
NTPC 134.50 (-0.37%)
O N G C 169.50 (3.45%)
Power Grid Corpn 205.35 (0.10%)
Reliance Industr 2521.40 (-0.02%)
SBI Life Insuran 1245.00 (-1.65%)
Shree Cement 26395.00 (-2.80%)
St Bk of India 515.05 (1.63%)
Sun Pharma.Inds. 836.90 (-1.16%)
Tata Consumer 719.00 (-1.70%)
Tata Motors 520.60 (1.92%)
Tata Steel 1208.00 (1.10%)
TCS 3914.70 (-1.90%)
Tech Mahindra 1671.35 (0.64%)
Titan Company 2591.00 (-0.37%)
UltraTech Cem. 7456.75 (-1.31%)
UPL 814.00 (1.86%)
Wipro 623.00 (-1.63%)

Closing Bell: Market extends gain as Sensex soars by 1016 points, Nifty ends above 17400

Closing Bell: Market extends gain as Sensex soars by 1016 points, Nifty ends above 17400
by 5paisa Research Team 08/12/2021

Domestic equity bourses Sensex and Nifty soared amid broad-based gains on Wednesday after the RBI kept key interest rates on hold and decided to stay accommodative.

Equity benchmarks extended gains for a second day after the Reserve Bank of India's Monetary Policy Committee held the repo rate at a record low of 4% and maintained an accommodative policy stance to support growth for as long as necessary. During today's trading session, the Sensex surged as much as 1,016 points and Nifty index moved above its important psychological level of 17,450 led by gains in banking, financial services and information technology names.

At the closing bell on December 8, the Sensex was up 1,016.03 points or 1.76% at 58,649.68, and the Nifty was up 293.10 points or 1.71% at 17,469.80. On the market depth, around 2270 shares have advanced, 941 shares declined, and 121 shares remain unchanged.

Among the top gainers on the BSE were Bajaj Finance, Maruti Suzuki, SBI, Asian Paints and Bajaj Finserv. Top losers of the day were Kotak Mahindra Bank and Power Grid Corporation.

In today's trading session all the sectoral indices ended in the green, with PSU bank and auto indices rising by 2% each. In the broader markets, BSE midcap and smallcap indices rose over 1% each.

All eyes today were on the RBI policy meet. RBI's benchmark interest (repo) rate currently stands at 4% and the reverse repo rate is at 3.35%. The central bank has kept the key lending rates unchanged for the ninth time.

RBI Governor Shaktikanta Das commented that the MPC voted unanimously to hold rates and maintain an accommodative stance as long as necessary to push growth while ensuring inflation remains under control.

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