Market gains: Sensex closes with rise of 424 points after RBI announcements


Today, on the third trading day of the week i.e. Wednesday, the stock market closed on the green mark. The Bombay Stock Exchange's flagship index Sensex closed at a level of 48,677.55, up 424.04 points, or 0.88 percent. At the same time, the National Stock Exchange's Nifty closed at 14,617.85 with a gain of 121.35 points, or 0.84 percent. The Sensex had risen by 903.91 points, or 1.88 percent, in the previous week.

Market sprung after RBI announcements

Today, Reserve Bank of India (RBI) Governor Shaktikanta Das addressed the media. He said that the RBI is monitoring the situation in Corona. Considering the spread of the second wave of Kovid-19, extensive and quick actions are required. Consumption has increased from January to March. RBI announced a special liquidity facility of Rs 50,000 crore for health facilities related to Kovid-19 by March 2022. Through this, banks will provide vaccine manufactures, vaccine transport at a repo rate, loans to exporters in easy installments. Apart from this, hospitals, health service providers will also get the benefit.

Such was the situation of veteran shares

Talking about the big stocks, shares of UPL, Sun Pharma, IndusInd Bank, Axis Bank, and Kotak Mahindra Bank closed on the green mark today. SBI Life, Asian Paints, Hindustan Unilever, Adani Ports, and Bajaj Finance closed at the red mark.

Sectoral index tracking

If we look at the sectoral index, today, apart from reality, all sectors closed on the green mark. These include PSU Bank, IT, FMCG, Metal, Auto, Pharma, Media, Pharma, Private Banks, Banks, and Finance Services.

This week, the market will be determined by these factors

The movement of the country's stock markets during the week will be determined according to the situation on the Kovid-19 front, macroeconomic data, quarterly results of the companies, and trends created globally. Analysts believe so. He believes that the state assembly election results will hardly have any impact on the market but the developments in the Kovid-19 front during the week and the central and state government's strategy to deal with this situation will have an impact on the market.

The market was open on the green mark

In early trade, the Sensex opened 263.50 points (0.55 percent) at the level of 48517.01. At the same time, the Nifty opened at 14570.40 with a gain of 73.90 points, or 0.51 percent.

The stock market closed on the red mark on Tuesday

The stock market closed on the red mark on Tuesday. The Sensex closed down 465.01 points, or 0.95 percent, at the level of 48,253.51. At the same time, the Nifty closed at 14,496.50, down by 137.65 points, or 0.94 percent.