New Delhi: The positive effect of the decisions of the Reserve Bank of India MPC meeting was seen in the stock market on Friday. As expected, Indian shares remained stable on Friday after RBI put a halt on repo rates. For the second consecutive session, the Sensex closed up by 362 points, while the Nifty closed beyond 19,651. The stock of Godrej Industries gained 20%, while Metro Brands closed down.
The market remained lively on Friday, the last trading day of the week. BSE Sensex strengthened by 364.06 points or 0.55% and closed at 65,995.63. NSE Nifty closed at 19,653.50 with a gain of 107.75 points or 0.55%. 23 shares of the Sensex pack closed in the green, while 7 shares recorded a decline.
RBI’s MPC kept the key lending rate repo rate stable at 6.50%. The central bank also maintained its policy stance to bring inflation within its target range. All 13 major sectoral indices witnessed gains and realty, auto and financial sector shares rose between 0.35% and 1%. Mid-cap and small-cap gained 0.4% and 0.7% respectively.
Godrej Industrial’s stock gained 19.64% among the top gainers. With this, Mahindra Holidays gained 7.64%, Godrej Agrovet gained 7.35%. Similarly, Bajaj Finserv closed up by 5.97%, NBCC India closed up by 5.71%. Gains were also recorded in Titan, IndusInd Bank, ITC, Infosys, Tech Mahindra. At the same time, Edelweiss Financial was among the top losers, falling 5.54%. Similarly, Metro Brands fell by 3.55%, Omaxe by 2.88%, Nupur Recyclers by 2.59%, Supriya Life Science by 2.45%. Shares of Hindustan Unilever, Asian Paints, Bharti Airtel, Nestle were seen falling.