Mumbai, 5 June (IANS). The Indian stock market closed in a green mark in Thursday’s trading session before the RBI MPC’s decision. The market saw all -round rise. At the end of trading, the Sensex gained 443.79 points or 0.55 percent to 81,442.04 and the Nifty was up 130.70 points or 0.53 percent to 24,750.90.
RBI MPC decisions will be announced on Friday by RBI Governor Sanjay Malhotra. Experts say that this time the central bank can cut the repo rate by 0.25 percent.
Like largecap, midcap and smallcap also saw a boom. The Nifty Midcap 100 index gained 378.35 points or 0.65 per cent to 58,303 and the Nifty Smallcap 100 index was 175.50 points or 0.96 per cent to 18,432.60.
IT, financial services, pharma, FMCG, metal, realty and energy closed in green mark on sectoral basis. Auto, PSU bank, media and private banks closed in red mark.
The Sensex packs featured Eatron (Zomato), Power Grid, ICICI Bank, UltraTech Cement, Sun Pharma, Adani Ports, ITC, HUL, HDFC Bank and L&T top gainers. IndusInd Bank, Axis Bank, Bajaj Finserv, Bajaj Finance, Kotak Mahindra, Maruti Suzuki, M&M and TCS were the top losis.
Sundar Kewat, a technical and derivative analyst of the Ashika Institutional Equity, said the US Treasury Yield decrease and the weakening of the US dollar has given some support to the Indian stock markets. Positive trends were seen in realty, pharma, healthcare, consumption and metals. On the other hand, there was weakness in PSU bank, private bank and automobile sector.
The stock market started rapidly. At around 9.29 am, the Sensex was trading at 268.8 points or 0.33 percent to 81,267.09, while the Nifty was trading at 82.75 points or 0.34 percent to 24,702.95.
-IANS
ABS/
