Due to the announcement of monetary policy, there was a good opening in the domestic stock market today.
new Delhi:
Stock Market Updates: On Wednesday, the stock market is showing good growth. According to traders, investors are eyeing the monetary policy review to be released on Wednesday. Today the policy is to be announced after the meeting of the Monetary Policy Committee for two days, in which case both the benchmark indices are open with buoyancy and are trading in green mark. The Sensex opened above 49,000 and the Nifty opened above 14,700.
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At 10 in the morning, the Sensex is trading at a level of 49,482.52 with an increase of 281.13 points, ie 0.57 per cent. At the same time, the Nifty is trading at a level of 14,762.20, taking an increase of 78.70 i.e. 054 per cent during this period.
In the opening, the Sensex opened at a level of 49,326.94 with an increase of 125.55 points i.e. 0.26%, while the Nifty opened at a level of 14,711.00 with a gain of 27.50 points i.e. 0.19%. In the 30-share Sensex, 25 stocks opened in the green mark, however, the banking and financial sector appeared in the red mark.
Regarding the first announcement of the policy today of FY 2021, it is believed that RBI will not make any change in the repo rate because in the country, there is uncertainty on the economic front again in view of the increasing cases of coronavirus in the country. In such a situation, the monetary policy can maintain the status quo of monetary policy.
Let us tell you that after a volatile trading day on Tuesday, the Sensex-Nifty increased marginally. The market fluctuated amid concerns about the rapid increase in the number of Carona virus infections in the country and the impact it would have on the economy. The Sensex fluctuated around 646 points during trading. At the end, it closed at 49,201.39 points with a slight gain of 42.07 points, or 0.09 percent, while the Nifty closed at 14,683.50 points with a slight gain of 45.70 points, or 0.31 percent.
(With input from language)