Sensex, Nifty extension gains leave the Reserve Bank unchanged


Sensex, Nifty extension gains leave the Reserve Bank unchanged

The central bank extended profits on Friday without changing key interest rates as expected, while traders waited for its commentary on the normalization of liquidity.

At 11:27 am, the NSE Nifty 50 index was up 0.66% at 17,906 and the S&P BSE Sensex was up 0.63% at 60,038.29.

The Blue-chip Nifty 50 and the Sensex have risen nearly 10% since the central bank’s policy meeting in August, reaching record highs in easing concerns about a third wave due to rapid vaccinations.

The country’s benchmark 10-year bond yield fell to 6.28%, with the Indian rupee depreciating to 75.15 against the dollar.

In his policy address, Reserve Bank Governor Shaktikant Das said, “We are comforted that the path of inflation is changing more favorably than expected.

Some analysts have signaled a slim prospect for a monetary policy group offering a token increase in the reverse repo rate.

Meanwhile, shares of Tata Consultancy Services rose 1.42% over the September quarter results. ID Behimot kicks off the kick-off season, which is closely monitored for signs of recovery for Indian Inc.

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