MARKET UPDATE:Sensex up 500 points at 49,730 and Nifty testing the 14,850-mark


Published On: Wednesday, April 7, 2021 | By:

MARKET UPDATE:Sensex up 500 points at 49,730 and Nifty  testing the 14,850-mark

The markets in India were trading at day's high, up 1 percent, in today's( late morning deals as the Reserve Bank of India kept the repo rate unchanged at 4 percent while maintaining the 'accommodative stance. The FY22 growth projection was also maintained at 10.5 percent. The S&P BSE Sensex traded 500 points, or 1 percent, up at 49,730 and the Nifty50 index was testing the 14,850-mark. Bharti Airtel, Nestle India, and Reliance Industries gained 2 percent, each, and were the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 2 percent.

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