Sensex And Nifty Close Higher After RBI's No Rate Hike Decision

The market rallied today to end higher owing to the RBI 's decision to keep the policy repo rate unchanged at 6.50 per cent in the meeting held this morning on Thursday April 6, 2023.

Among the sectoral indices realty sector index rallied the most to about 2% followed by auto, banking, and financial services. IT and FMCG sectoral indices were negative, However overall the broader market indices were up. Nifty surged by 33.85 points or 0.19% to end above 17,590. Total 29 stocks advanced and 21 stocks declined on Nifty today.

In all there were 1390 advances, and 672 declines on national stock exchange. S&P BSE Sensex jumped up by 143.66 points or 0.24%, to end at 59,832.97. 28 stocks advanced and 22 declined on sensex.

Top gainers were Adani Enterprises, Tata motors, Bajaj Finserv and Sun Pharma, were top gainers on both the indicies, while HCL Tech, ONCG, ICICI Bank, Axis bank Tech Mahindra were top losers on Nifty and Sensex. Stock of Dabur fell the most on Sensex.

The 10-year benchmark 7.26% 2032 bond yield was at 7.1987% in the morning after closing at 7.2750% on Wednesday. The yield fell to 7.1469% after the RBI's decision.

Rupee fell against dollar trade today after the RBI announcement, it was down by 0.11 points or (0.14%) at 81.8850.

This would be the fifth staright session when the markets closed in green today. Tomorrow the markets will remain close on account of Good Friday and it will resume on Monday.