RBI likes the stock market, Sensex crosses 45000

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After the RBI policy, the Indian stock market is booming and the Sensex has crossed the record high of 45000.

new Delhi. The policy announced by the Reserve Bank of India on Friday has liked the stock market and the Indian stock market has reached a new record high. The Bombay Stock Exchange Sensex has crossed the 45000 level, after the RBI decision on the policy, the Sensex has touched a record high of 45023. Talking about the National Stock Exchange’s Nifty, it too has reached a record high of 13248.

The Reserve Bank Governor has said that the country’s economy is returning to track, with the Governor in his statement forecasting the rate of growth from negative to positive zone during the current third quarter of the current fiscal year 2020-21, the third quarter. The growth rate during the period is estimated to be 0.1% while the growth rate during next quarter is estimated to be 0.7%. The stock market is seeing a bounce and the market is at a record high only after the economy is back on track.

The Reserve Bank has not made any change in the policy rates at present, the repo rate in the country is 4 percent while the reverse repo rate is 3.35 percent and the Marginal Standing Facility (MSF) rate is 4.25 percent. Apart from this CRR is 3 percent and SLR rate is 18 percent.

Today, the stock market is seeing strength in all sector indices, with banks, auto, metal and media index being the fastest. Talking about stocks, 40 out of 50 companies of Nifty are gaining momentum, while 26 out of 30 Sensex stocks are trading with green mark. Sensex shares of UltraTech Cement, Bharti Airtel, ICICI Bank, Larsen Ant Toubro, Tata Steel, Bajaj Finance, PowerGrid, Axis Bank, ITC, State Bank of India, HDFC Bank, NTPC, Kotak Mahindra Bank, Nestle India and Mahindra & Mahindra Is the fastest.

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