Sensex reclaims 40,000 mark, Nifty settles at 11,914 after RBI keeps repo rate unchanged

The BSE 30-share index, Sensex gained 327 points to end the day at 40,509 while Nifty-50 index jumped 80 points to settle at 11,914.

Written by October 9, 2020 17:57
sensex

New Delhi: Equity benchmarks indices on Friday maintained upward trajectory on back of Reserve Bank of India keeping repo rate unchanged.

The indices, which have remained in the green for entire week, extended gains for 7th session in a row amid mixed global cues. At the closing bell, the Sensex reclaimed 40,500 mark while Nifty settled at 11,900.

The BSE 30-share index, Sensex gained 327 points to end the day at 40,509 while Nifty-50 index jumped 80 points to settle at 11,914.

The BSE Mid-Cap index fell 0.42 percent and the BSE Small-Cap index slipped 0.29 percent.

Sectoral indices at the NSE was rangebound with Nifty PSU bank rising by 3.2 per cent, private bank by 2.6% and financial services by 1.8%.

Banking stocks also recorded gains with State Bank of India rising by 3.6% and private lenders ICICI Bank, Axis Bank and HDFC Bank ticking up by 4%, 3.7% and 3.6% respectively.

Those who suffered losses include Grasim, Hindalco, Sun Pharma, Nestle India, Britannia and Tata Motors.

Asian shares also saw mixed response amid revived hopes for a US stimulus deal. Trump had last week abruptly called off talks with the Democrats for a pre-election stimulus plan.

Japan’s Nikkei dropped by 0.12% while Hong Kong’s Hang Seng plunged by 0.31%. South Korea’s Kospi rose by 0.21 per cent.