Mumbai, First Published Apr 8, 2022, 9:31 AM IST
The Bombay Stock Exchange (BSE) and the National Stock Exchange (BSE) have started trading on a positive note following reports that the Reserve Bank will not raise interest rates on its monetary policy.
Reserve Bank
The Reserve Bank’s biennial monetary policy meeting is scheduled to take place in a few hours. There is talk at this meeting that the interest rate on the loan will not be raised. Even if inflation in the country goes above the Reserve Bank’s level of 6 per cent, interest rates will not be reduced. The interest rate is expected to remain the same in the hope that the Reserve Bank will support the country’s economic growth.
As the investors started the morning trading with a positive mood of optimism, Mumbai, the National Stock Exchange started with a boom.
Trade with boom
The Sensex was up 240 points at 59,280 on the Bombay Stock Exchange. At the National Stock Exchange, the Nifty started with a gain of 41 points and traded at 17,698 points.
Of the 30 major stocks in the Mumbai Stock Exchange, 21 are moving with profit and 9 are in decline. Shares of Coal India, BBCL, Tata Consumer Goods, IOC and Ultratech Cement are moving higher. Shares of HDFC, Cipla, Mahindra & Mahindra, HDFC Bank and Nestle are down.
All sectors in the Nifty have started trading positively. The metallurgy, media, banking, private banking, pharmaceuticals, information technology, financial services, FMCG and real estate sectors are booming.
Last Updated Apr 8, 2022, 9:31 AM IST