Markets get a boost from RBI interest rate hike pause

6 Apr 2023 , 03:50 PM

Indian equity markets ended the day in green today. Markets got a boost from RBI’s decision today to pause interest rate hikes.  Nifty 50 closed, up by 42.10 points. Sensex closed, up by 143.66 points. Top Gainers today were Bajaj Finance, Adani Enterprises and Tata Motors. Top Losers today were HCL Tech, ONGC and ICICI Bank. 

All the broader market indices ended the day in Green. Strong buying demand was seen in some micro-cap stocks. Very strong buying demand was seen in some realty stocks. The decision to pause interest rate hikes is expected to benefit real estate companies. Cost of interest for home buyers will not rise further, at least for the time being.

Dhani, Idea and Yes Bank were the most traded stocks today at NSE, in terms of volume. HDFC Bank, ICICI Bank, and Reliance were the most traded stocks in terms of value. 57 stocks touched new 52-week high today at NSE. 15 stocks touched new 52-week low. Market breadth was positive.