Stock market: RBI’s announcement that the market has risen, the Sensex has crossed 49600

Stock market: RBI's announcement that the market has risen, the Sensex has crossed 49600

The stock market closed at the green mark on Wednesday, the third trading day of the week, following the announcement by the Reserve Bank of India (RBI) Monetary Policy Committee. The Bombay Stock Exchange’s flagship index Sensex rose 460.37 points, or 0.94 percent, to close at 49661.76. On the other hand, the Nifty on the National Stock Exchange rose 135.55 points, or 0.92 percent, to close at 14,819.05.

Important announcement of RBI

The meeting of the Reserve Bank of India ended today. Central Bank Governor Shakikanta Das announced the decisions taken by the committee at a press conference. This was the first MPC meeting for the fiscal year 2021-22. The RBI has not changed the repo rate. It remains at four percent. The MPC has taken this decision unanimously. The Reserve Bank of India expects the country’s GDP to grow by 0.5 percent in the current fiscal year 2021-22. At the last meeting, the GDP growth was estimated at only 10.5 percent.

The same was true of older stocks

Speaking of large stocks, shares of SBI, JSW Steel, Wipro, SBI Life, and Industry Bank closed at the green mark today. Adani Ports, Tata Consumer, UPL, NTPC and Titan stocks closed in the red.

Sectoral indicator tracking

If we look at the sectoral indicator, today all the sectors are closed at the green mark. These include private banks, media, PSU banks, banks, metals, IT, pharma, realty, auto, financial services and FMCG.

Barbecue Nation shares rose after a weak list

Today Barbecue Nations Hospitality was listed on the stock market. Shares of Barclays Nations were listed at Rs 492 on the BSE and Rs 489.85 on the NSE. It finally closed at the level of 587.80. The issue price of the company was Rs.500 per share. After a weak listing, the company’s shares have risen strongly and during trading, it jumped 20 percent to Rs 588. It is learned that the IPO of the company was opened for subscription on March 24 and it closed on March 26. This subscription has received 5.98 times.

The market was open at the green mark

In early trade, the Sensex rose 125.55 points to 49,326.94 and the Nifty opened 27.50 points higher at 14,711.00.

The stock market closed sharply on Tuesday

On Tuesday, the Sensex rose 42.07 points, or 0.09 percent, to close at 49,201.39. At the same time, the Nifty rose 45.70 points, or 0.31 percent, to close at 14683.50.

In the fiscal year 2020-21, the assets of investors have increased by a huge amount of Tk 90.82 lakh crore

Investors’ wealth increased by Tk 90,82,057.95 crore in FY 2010-2011 due to increase in share price in the domestic stock market. The BSE 30 Sensex rose 68 percent during the period. The Sensex gained 20,040.66 points, or 68 percent, in this unprecedented rally. Despite various disruptions and uncertainties in the economic world due to the Kovid-19 epidemic, the local stock market has reached its peak.

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