Share Market LIVE: RIL, HDFC Bank lift Sensex 985 pts higher, Nifty settles near 9,300; financial stocks gain

ICICI Bank, RIL, Axis Bank and HDFC Bank were among the top contributors to the index todayShare Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks Sensex and Nifty settled more than 3 per cent higher in Friday’s trade after Reserve Bank of India (RBI) announced a slew of measures to…

ICICI Bank, RIL, Axis Bank and HDFC Bank were among the top contributors to the index todayShare Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks Sensex and Nifty settled more than 3 per cent higher in Friday’s trade after Reserve Bank of India (RBI) announced a slew of measures to inject liquidity in the financial system. RBI Governor Shaktikanta Das also announced to cut reverse repo rate by 25 basis points from 4 per cent to 3.75 per cent maintaining the repo rate unchanged. S&P BSE Sensex advanced 986 points or 3.22 per cent to end the session at 31,589. While the broader Nifty 50 index settled near the 9,300-mark, up 300 points or 3.32 per cent. ICICI Bank, RIL, Axis Bank and HDFC Bank were among the top contributors to the index today. Out of 30 Sensex stocks, just seven scrips settled in red with Nestle India as the top laggard, followed by HUL, Tech Mahindra, Sun Pharma and Titan. Except for Nifty FMCG and Nifty Pharma, all the sectoral indices finished in green today. Nifty Private Bank index surged 7.76 per cent led by gains in Axis Bank, Bandhan Bank, Federal Bank and ICICI Bank.Reserve Bank of India (RBI) Governor Shaktikanta Das in a press conference informed that RBI has been very proactive, and have been coming out with announcements. In his previous meeting, Shaktikanta Das had announced an emergency rate cut of 75 basis points.Read More
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