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15 April, 2021 20:05 IST
Sensex ends 460 points higher; Nifty above 14,800 levels
Source: IRIS | 07 Apr, 2021, 05.42PM
Rating: NAN / 5 stars.
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Indian markets continued to rally  for the second day on Wednesday on the back of buying seen in rate sensitive sectors after the RBI maintained its key interest rates unchanged to support the economy. Banking, auto, financial and metal stocks led the rally.

The monetary policy committee decided unanimously to leave the RBI's repo rate, its key lending rate, unchanged at 4% and the reverse repo rate, its borrowing rate, at 3.35%.

"The stance of monetary policy will remain accommodative till the prospects of sustained recovery are well secured while closely monitoring the evolving outlook for inflation," Governor Shaktikanta Das said.

At the close, the benchmark 30-share index, BSE Sensex gained 460.37 points or 0.94% at 49,661.76 with 25 components posting rise.  Meanwhile, the broad based NSE Nifty went up by 135.55 points or 0.92% at 14,819.05 with 41 components posting rise.

ICICI Bank  contributed rise of 81.23 points in the Sensex.  It was followed by Infosys (46.38 points), State Bank Of India (42.42 points), Reliance Industries  (41.09 points) and ITC  (30.11 points).

However, NTPC  contributed fall of 4.34 points in the Sensex.  It was followed by Hindustan Unilever  (2.29 points), Tata Motors  (0.8 points), Sun Pharmaceutical Industries  (1.41 points) and Larsen & Toubro  (5.43 points).

Major gainers in the 30-share index were State Bank Of India (2.25%), ICICI Bank (2.05%), Nestle (2.02%), Indusind Bank  (2.02%), Mahindra & Mahindra  (1.95%), Bajaj Auto  (1.83%),  and Bharti Airtel  (1.77%).

On the other hand, Titan (0.78%), NTPC  (0.47%),  and Hindustan Unilever  (0.14%) were the major losers in the Sensex pack.

Market breadth was positive with 1,837 advances against 1,111 declines.

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