Latest Stock Market News

The 30-share pack Sensex advanced 460.06 points or 0.79 per cent to close at 58,926.03. Its broader peer NSE Nifty rose 142.05 points or 0.81 per cent to 17,605.85. Both indices rose for the third straight day.

GALA is among the top 50 largest crypto assets with a marketcap more than $2.5 billion. The recent rally has led to a sharp profit-booking in the token, as the volume has plunged about 40 per cent to $1.13 billion on Thursday

“The RBI Monetary Policy is quite supportive of the growth requirements of the economy. We are also readjusting the liquidity requirements and that will adjust the anxieties of the market to a greater extent. The guidelines relating to CDS will also go a long way to stabilise the bond markets.”

The Nifty Bank index closed 1.04 per cent up at 39010.95.

The Nifty Realty index was trading 0.15 per cent down at 466.3.

Bond vigilantes had already made their presence felt over the last few weeks as the Budget unveiled a larger-than-expected market borrowing programme and as surging crude oil prices lent more credence to the global theme of hardening inflation.

A total of 91,604 shares changed hands on the counter till 02:10PM (IST)

Draft prospectus expected to be filed this week: Sources

Revenue from operations came in at Rs 50,272 crore, up 43.80 per cent against Rs 34,958 crore in the year-ago quarter.

“In India, inflation has been lower than US inflation for the last six months. I think the RBI has done a sensible job. It has said that we will manage growth, we will support inflation and in the Economic Survey, they revised growth downwards from 8-8.5% to 7.8% also revised inflation projection downwards. Net-net, this policy has come as per expectations and that is why we are seeing reaction in the markets – equities are up and yields are down.”