Markets rebound after seven-day losing streak; Sensex zooms 1,000 pts

More than the monetary policy decision, the RBI's assessment of inflation and growth propelled the markets, said experts

BSE, Markets, equities

The market breadth was strong, with 2,254 stocks advancing and 1,174 declining

Sundar Sethuraman Thiruvananthapuram
India’s benchmark indices rose sharply on Friday, snapping a seven-session losing streak, as the rout in global equities and bonds showed signs of ebbing. Lack of negative surprises in the Reserve Bank of India’s (RBI’s) monetary policy and a benign outlook for inflation also aided sentiment.

The Sensex began the session in the red, but rose after the monetary policy announcement to close at 57,427, with a gain of 1,017 points, or 1.8 per cent. The Nifty surged 276 points, or 1.6 per cent, to settle at 17,094, capping a tumultuous week.

The Sensex finished the month with a decline of 3.5 per cent, the biggest monthly slide since June 2022, even as the index managed to rise 8.3 per cent during

First Published: Sep 30 2022 | 9:00 PM IST

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