MARKET UPDATE: Sensex up 190 points to 55,298 and Nifty up 59 pts to 16,476

Published On: Wednesday, June 8, 2022 | By: Team KnowMyStock

The Indian markets turned positive after the Reserve Bank of India (RBI) retained the GDP growth forecast at 7.2 percent today(8 June 2022). It, however, hiked the key repo rate by 50 bps to rein in inflation. This was the second raise in a row this year, which came in line with Street's expectations. With this, the repo rate now stands at 4.9 percent, up from 4.4 percent. RBI Governor Shaktikanta Das added that the MPC has decided unanimously to keep the policy stance ‘withdrawal of accommodation’. The BSE Sensex was up 190 points to 55,298 and the NSE Nifty50 was up 59 pts to 16,476. On the inflation front, the central bank raised the consumer price (CPI) or retail inflation forecast for FY23 to 6.7 percent from 5.7 percent. Sector-wise, Banks, Financials, Metals, PSBs, and Realty indices held nominal gains on the Nifty. While, Auto, IT, Pharma, FMCG, and Consumer Durables were the top losers, down up to a percent.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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