Indian Stock Market Ends Higher Ahead of RBI Policy Decision

Indian Stock Market Ends Higher Ahead of RBI Policy Decision Agencies

VoM News Desk | April 4, 2024 | 03:56 PM IST | Breaking News | Follow on Google News

Indian Stock Market Ends Higher Ahead of RBI Policy Decision

Indian Stock Market Ends Higher Ahead of RBI Policy Decision

Indian stock market benchmarks, the Sensex and the Nifty 50, rebounded on Thursday, April 4, breaking a two-day losing streak, in anticipation of the Reserve Bank of India’s (RBI) monetary policy decision.

RBI Monetary Policy Announcement Tomorrow

RBI Governor Shaktikanta Das is scheduled to announce the policy decision of the Monetary Policy Committee (MPC) on Friday, April 5. Experts anticipate the RBI to maintain policy rates and stance, with a potential rate cut in the second half of the financial year.

Market Highlights and Performance

Despite volatility, the domestic market closed higher, with the Sensex and Nifty 50 hitting fresh all-time highs during the session. The Sensex reached a new peak of 74,501.73, closing 351 points, or 0.47 per cent, higher at 74,227.63. Similarly, the Nifty 50 touched an all-time high of 22,619, ending 80 points, or 0.36 per cent, higher at 22,514.65.

Performance of Midcap and Smallcap Indices

While the BSE Midcap index also surged to a record high of 40,973.14, it closed slightly lower at 40,625.41, marking a 0.11 per cent decrease. On the other hand, the BSE Smallcap index gained 0.54 per cent, closing at 45,803.97. However, it remains below its all-time high of 46,821.39, recorded on February 7, 2024.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.