- Investors richer by over Rs 12 trillion as markets record sharp gains
- LIC shares drop 8% below issue price on debut, end at Rs 873 apiece
- Top headlines: Airtel's Q4 net zooms 164%; WPI inflation hits 15.08% in Apr
- Oil hits seven-week high amid EU push for ban on Russian crude imports
- FPI holdings in Indian equities down 6% at $612 bn in March qtr: Report
- Honda India Power surges 13%; stock hits over four-year high
- ITC gains 4% ahead of March quarter results on Wednesday
- Long runway for growth in the insurance sector, say analysts
- Nifty Auto tests 200-DMA; TaMo, Maruti can rally up to 11%, charts show
- Aurobindo hits 2-year low; dips 11% in a week on USFDA's 6 observations
Sensex falls 215 pts post RBI policy; Nifty at 16,238; RIL sheds 2%
Stock market LIVE: The RBI pegged real GDP growth forecast for FY22 at 9.5 per cent and at 17.2 per cent for FY23.
Topics
MARKET LIVE | RBI Policy | RBI monetary policy
SI Reporter |
Last Updated at August 6, 2021 16:26 IST
EVENT HIGHLIGHTS
Shares of Reliance Industries single-handedly knocked Sensex and Nifty lower on Friday after the Supreme Court ruled in favour of Amazon, stalling Reliance Retail's Rs 24,000 crore deal with Future Retail. Further, while RBI's policy decision was along expected lines, the 5:1 vote on maintaining accommodative stance and rise in CPI projection for FY22 to 5.7 per cent from 5.1 per cent earlier also concerned markets, indicating that debate on inflation is gaining centre stage.
The domestic benchmark indices snapped their 4-session winning run. The 30-pack Sensex closed the day at 54,278, down 215 points or 0.39 per cent. Meanwhile, NSE Nifty settled the day 56 points or 0.35 per cent at 16,238.
IndusInd Bank, Tech Mahindra, Bharti Airtel, Maruti were the top gainers in the 30-pack Sensex while Reliance Industries, Ultratech Cement, Tata Steel, HCL Tech were the top losers.
The broader markets outperformed, with Nifty Midcap index rising 0.06 per cent and Nifty Smallcap 0.04 per cent. Sectorally, Nifty Realty and Nifty Media were the top losers while Nifty IT was the best performer.
Overall, for the five days ended Friday, Nifty ended the historic week, up 1.97 per cent high, above 16,000 mark for the worst time and also snapped its two-week losing run.
CATCH ALL THE LIVE UPDATES
Auto Refresh
Load More
Copyrights © 2022 Business Standard Pvt Ltd. All rights reserved.