Domestic markets rise due to RBI’s monetary policy review
There was a rise in domestic markets on Friday due to the monetary policy review of the Reserve Bank of India (RBI). At 11.15 am, NIFTY was trading at 19,626.90 with a rise of 81.15 points. Whereas, BSE Sensex was trading at 65,911.23 with a gain of 279.66 points. Investor sentiment was also boosted by the strong trend in Asian markets. In early trade, the 30-share BSE Sensex rose 257.41 points to 65,888.98. Nifty rose 78.25 points to reach 19,624 points. Among Sensex companies, shares of Bajaj Finserv, Titan, Bajaj Finance, JSW Steel, Maruti, Tata Motors and IndusInd were among the gainers. At the same time, shares of Larsen & Toubro, Hindustan Unilever, Bharti Airtel and Power Grid declined. In other Asian markets, South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng were in profit, while Japan’s Nikkei was in loss. American markets closed with a slight decline on Thursday. Global oil standard Brent crude stood at US $ 84.35 per barrel with a gain of 0.33 percent. Foreign institutional investors (FIIs) sold shares worth Rs 1,864.20 crore on Thursday.