Dalal Street Cheers RBI’s MPC Outcome; Indices End Firm

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Business

oi-Roshni Agarwal

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Updated: Friday, December 4, 2020, 15:35 [IST]

RBI’s status-quo stance moved the benchmark indices to new highs and Sensex hit the 45000 mark for the first time. A BS report suggests that Sensex can attain 51000 levels in just six months as per the charts suggestion. Nifty Bank has gained 2.35 percent.

Nifty settled up by 125 points or 0.95 percent at 13258 points, while Sensex also settled higher by 1 percent at 45079.

Dalal Street Cheers RBI's MPC Outcome; Indices End Firm

Dalal Street Cheers RBI’s MPC Outcome; Indices End Firm

Nifty Realty which is another rate sensitive segment also spurted over 1 percent in trade today. Nifty Auto was however relatively less firmer.

Among the biggest gainers in trade today have been Hindalco, UltraTech Cement, ICICI Bank, Adani Ports and Sun Pharma. While laggards have been Reliance, Bajaj Finserv, HDFC Life, Tata Motors and HDFC among others.

Zydus Cadila also gets DGCI Nod for starting the phase 3 trial in Covid patients with PegiHep. Cadila shares were trading higher by 2 percent.

Meanwhile, Asian markets on hopes of a bigger US stimulus also made new highs. European stocks also traded with gains on CAC and FTSE. While US stock futures were trading higher, pointing for another strong day.

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