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It's Nifty's Best One Day Gain in 2 Years
After yesterday's drop, the Indian equity benchmarks rebounded sharply with bank and metal shares. This was a result of RBI's decision to keep the interest rates unchanged in its first monetary policy
After yesterday's drop, the Indian equity benchmarks rebounded sharply with gains from bank and metal shares. This was a result of RBI's decision to keep the interest rates unchanged in its first monetary policy meet for the financial year.
The National Stock Exchange's (NSE) Nifty 50 rose by 1.9% or 197 points to 10,325. This is the most since May 26, 2016. S&P BSE Sensex was up by 577.73 points or 1.75% to 33,596.80.
The market experienced a positive result as the trade tensions between two of the biggest economies China and the US have eased as the countries signaled a possible room for talks.
All sectors indices in NSE ended at a higher note with Nifty PSU Bank Index in the lead experiencing 5% gain. Nifty Metal index was up by 4%.
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