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Sensex gains 447 pts, ends at 45,080 as RBI revises FY21 GDP growth outlook

All that happened in the markets today

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Markets | Reserve Bank of India | Sensex

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

The bulls continued to be in the driver's seat on Friday as the benchmark indices scaled fresh all-time highs after the (RBI) revised upwards the economic growth projections for the fiscal year 2020-21 (FY21) and assured ample liquidity for the stressed sectors. 

The S&P BSE hit a new milestone today as the index breached the crucial 45,000 level for the first time ever to end at 45,080 levels, up 447 points, or 1 per cent. On similar lines, NSE's ended at 13,259, up 125 points, or 0.95 per cent. Volatility index, India VIX, dropped over 5 per cent to 18 levels. 

On a weekly basis, gained 2.2 per cent while added 2 per cent. 

In the broader market, the S&P BSE MidCap index ended 0.44 per cent higher at 17,389 levels while the S&P BSE SmallCap index settled at 17,317, up 72 points, or 0.42 per cent. 

On the NSE, all sectoral indices ended in the green with Bank surging the most - up 2 per cent or 604 points to 30,052 levels. 

Global markets

Asian shares scaled a record high on Friday on growing prospects of a large US economic stimulus package, while hopes that coronavirus vaccine rollouts will boost the global economy underpinned investor sentiment.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.78 per cent while Japan’s Nikkei dipped 0.22 per cent on profit-taking. 

In Europe, stocks were mixed. 

In commodities, oil prices jumped around 2 per cent on Friday, heading for a fifth week of gains, as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand even though these fell short of expectations.

(With inputs from Reuters)

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