MARKET UPDATE:Sensex up 642 points at 58,276 levels while the Nifty back above the 17,350-mark
Published On: Wednesday, December 8, 2021 | By: Team KnowMyStock
The Indian benchmark indices started firm today(8th December 2021), ahead of the RBI's monetary policy outcome. The six-member monetary policy committee (MPC), headed by Governor Shaktikanta Das, is likely to maintain key interest rates for a ninth straight meeting, retaining an accommodative stance amid the threat surrounding the Omicron coronavirus variant. The S&P BSE Sensex was up 642 points, or 1.11 percent, at 58,276 levels in early deals while the Nifty50 index was back above the 17,350-mark. The 50-pack index gained 192 points or 1.12 percent. 49 of the 50 Nifty constituents were trading in the green, led by ONGC (up 2.5 percent), Infosys, Wipro, ICICI Bank, Reliance Industries, Indian Oil Corporation, and Bharti Airtel. The only loser was Divis Labs, down 0.15 percent.
The broader MidCap and SmallCap indices, meanwhile, rallied up to 1 per cent. Individually, shares of Hindustan Zinc added 1.5 per cent after the Vedanta group company's board has approved an interim dividend of Rs 18 per equity share for FY22, and the record date for the same is December 15.
Besides, JSPL also advanced 1.5 per cent after the company said that steel production in November 2021 increased by 10 per cent YoY to 6.74 lakh tones
Among sectors, all the key indices were trading with a positive momentum. The Nifty IT index was up 2 per cent while all others gained between 0.5 per cent and 1.4 per cent.
Tags: Indian benchmark indices started firm RBI's monetary policy outcome threat from Omicron coronavirus
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