After the RBI was optimstic in its MPC decision with respect to GDP forecast, Sensex hit 45000 levels for the first time. Nifty tops 13248 levels, new fresh high. Nifty Bank was up by almost 1.5 percent.
Rate sensitive stocks such as bank, housing, auto stocks shall be in focus after the RBI will announce its bi-monthly MPC outcome today.
Shares in NCC gained by as much as 5% after Rakesh Jhunjhunwala increased his stake in the company to 13.7 percent.
Canara Bank has increased it fixed deposit rate with a maturity period of at least 2 years to 5.4 percent.
Telecom stock as well as airline stocks shall remain in focus after data on client acquisition for the month of September for September month. And in respect of the later, the govt. allowed airlines to operate at 80 percent of pre-Covid capacity.
Meanwhile, Asian indices at the time of writing this copy were however trading week with Japan's Nikkei down by 0.44 percent.