Stock market Gulzar ahead of RBI meeting results, Sensex rises 200 points

Stock market Gulzar ahead of RBI meeting results, Sensex rises 200 points

Stock market Gulzar ahead of RBI meeting results, Sensex rises 200 points

The results of the meeting of the Reserve Bank's Monetary Policy Committee (MPC) will be announced in the afternoon. This is the 24th meeting of the MPC. Before the results of this meeting, the Indian stock market has once again seen recovery. On Thursday, the Sensex strengthened by 200 points to close to 38 thousand points in early trade. At the same time, speaking of the Nifty, once again it has crossed the 11,150 mark level with an increase of more than 50 points.

In early trade, IT shares - Tech Mahindra, TCS, HCL and Infosys gained more than 2 percent. At the same time, the shares of OStandard indices of the stock markets failed to maintain the initial gains on Wednesday and almost closed at the previous day's level. Profits were recovered in the shares of Reliance Industries and HDFC Bank, which had a good market share, which had an impact on the market.NGC, NTPC, Tata Steel were also seen trading with big gains. The declining stocks include Axis Bank, Airtel, Maruti and Titan.

During the trading on Thursday, Adani Gas shares saw a decline of up to 3 percent. In fact, Adani Gas Limited reported that its net profit fell 42 percent in the June 2020 quarter due to sales being affected due to the lockdown due to the Corona virus epidemic. The company said in a statement that its net profit in the first quarter of the current financial year was Rs 46 crore, compared to Rs 79 crore in the year-ago period.

During the 30-share Sensex trading of the BSE, it had strengthened to 452 points at one time but later it declined. In the end, it closed down 24.58 points, or 0.07 percent, at 37,663.33 points. Similarly, the National Stock Exchange's Nifty closed at 11,101.65 points with a slight gain of 6.40 points or 0.06 percent.

Stock market Gulzar ahead of RBI meeting results, Sensex rises 200 points

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