Sensex rallies 460.37 pts

Mumbai, Apr 7 (UNI) The BSE Sensex on Wednesday edged up by 460.37 pts at 49,661.76 following gains in Telecom, Bankex, Materials and Auto stocks.

Even, the investors too welcomed the RBIs decision to maintain the status quo during the first bi-monthly monetary policy of FY22, along with holding the GDP growth rate steady at 10.5 per cent for new financial year.

The Nifty too rose by 135.55 pts to 14,819.05.

Meanwhile, the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) on Wednesday kept the key repo-rate unchanged at 4 per cent. It also maintained the policy stance as ‘accommodative’ to keep the liquidity taps running in the economy.

The Sensex opened higher by 73 pts to 49,277.09. During the day it was zoomed up by 699 pts to 49,900.13, days high before closing at 49,661.76, up by 460.37 pts from its previous close.

The Sensex registered days high and low at 49,900.13 and 49,093.90 pts respectively. The Nifty recorded days high and low at 14,879.80 and 14,649.85 pts respectively.

The sectoral indices include Telecom, Bankex, Consumer Discretionary Goods and Services, Materials and Auto stocks gave a fillip to the market. In scrips, SBI, M& M, ICICI Bank, Nestle India and IndusInd Bank moved up while Titan, NTPC and Hind Unilever declined.

The Mid Cap rose by 0.82 pc and Small Cap by 1.30 pc. In 30 scrips, 27 advanced while 3 declined.

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