Picture courtesy dbncentre.com File Photo
Mumbai: Erasing the downturn it witnessed on election counting day, Sensex hit an all-time high on Friday — soaring by over 1,720 points, more than 2 per cent.
This surge follows the Reserve Bank of India (RBI) revising GDP growth projection from 7 per cent to 7.2 per cent for 2024-25. RBI also maintained interest rates for the eighth consecutive time at 6.5 per cent.
The 30-share BSE Sensex went up to 1,720.8 points and hit a record peak of 76,795.31 in day trade while NSE Nifty went up by 498.8 points to 23,320.20.
The stock market nosedived on June 4 after the BJP and NDA received a reduced mandate than was predicted by the exit polls.
In the last two days, the BSE benchmark surged 2,995.46 points, that is, a staggering 4.15 per cent.
Stocks in sectors sensitive to interest rates, such as banking, finance, automotive and real estate, jumped by almost 8 per cent after the RBI announced it would keep the interest rate steady, India Today reported.
Bhubaneswar: Astronaut Sunita Williams feels that residents of planet Earth take small things in life a…
Bhubaneswar: At a time when he should have been grieving the loss of his son, Kailash…
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi will receive the people's complaints in his grievance…
Mumbai: Actress Radhika Apte, who has been married to British composer Benedict Taylor since 2012,…
Mumbai: Kangana Ranaut’s ‘Emergency’ has finally been passed by the Central Board of Film Certification…
Bhubaneswar: In the wake of some habisyalis staging a protest for being denied free accommodation…
Mumbai: Shah Rukh Khan, the self-made superstar of Bollywood, received the Lifetime Achievement Award at…
Bengaluru: It was a clear error in judgment which resulted in Team India’s ignominous batting show…