Markets at day's high post RBI policy outcome; Sensex tops 1,100 pts

30 Sep 2022 , 02:00 PM

Domestic benchmark indices turned bullish after the bleak start on Friday’s morning session. Both the Sensex and Nifty benchmarks had begun inching up in the green as the RBI hiked the key lending rate to 5.9%. The stock market logged stellar performance on late afternoon session today as investors cheered the RBI (Reserve Bank of India) policy outcome.

Nifty and Sensex jumped around 2% each with the strong broader markets. However, on the sectoral front banking index outperforming by rising around 3% with auto and metal index in the fast lane.

At around 2:05 PM, Sensex was trading at 57,529.64 higher by 1119.68 points or 01.98%. Nifty 50 traded at 17,131.50 higher 313.40 points or 1.86%
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Top Bulls on NSE are: Hindalco (+5.1%), IndusInd Bank (+4%), Bajaj Finserv (+3.54%) supported by Tata Steel (+3.51%) and Bajaj Finance (+3.40%). Meanwhile, top losers on  NSE are: Asian Paints (-0.75%), Hindustan Unilever (-0.74%), Britannia (-0.56%), TCS (-0.21%) and Tech Mahindra (-0.19%).

Furthermore, on the global front, the Stoxx Europe 600 rose 1.1%.

Meanwhile, today, Shaktikanta Das announced the RBI MPC’s decision to hike the repo rate by 50 basis points to 5.9% and slash the GDP forecast for FY23 to 7% from 7.2% earlier, on RBI Policy meeting held in morning.

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