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Sensex gains 447 pts, ends at 45,080 as RBI revises FY21 GDP growth outlook
All that happened in the markets today
Topics
Markets | Reserve Bank of India | Sensex
SI Reporter |
Last Updated at December 4, 2020 16:18 IST
EVENT HIGHLIGHTS
NSE's Nifty ended at 13,259, up 125 points, or 0.95 per cent.
The bulls continued to be in the driver's seat on Friday as the benchmark indices scaled fresh all-time highs after the Reserve Bank of India (RBI) revised upwards the economic growth projections for the fiscal year 2020-21 (FY21) and assured ample liquidity for the stressed sectors.
The S&P BSE Sensex hit a new milestone today as the index breached the crucial 45,000 level for the first time ever to end at 45,080 levels, up 447 points, or 1 per cent. On similar lines, NSE's Nifty ended at 13,259, up 125 points, or 0.95 per cent. Volatility index, India VIX, dropped over 5 per cent to 18 levels.
On a weekly basis, Nifty gained 2.2 per cent while Sensex added 2 per cent.
In the broader market, the S&P BSE MidCap index ended 0.44 per cent higher at 17,389 levels while the S&P BSE SmallCap index settled at 17,317, up 72 points, or 0.42 per cent.
On the NSE, all sectoral indices ended in the green with Nifty Bank surging the most - up 2 per cent or 604 points to 30,052 levels.
On a weekly basis, Nifty gained 2.2 per cent while Sensex added 2 per cent.
In the broader market, the S&P BSE MidCap index ended 0.44 per cent higher at 17,389 levels while the S&P BSE SmallCap index settled at 17,317, up 72 points, or 0.42 per cent.
On the NSE, all sectoral indices ended in the green with Nifty Bank surging the most - up 2 per cent or 604 points to 30,052 levels.
Global markets
Asian shares scaled a record high on Friday on growing prospects of a large US economic stimulus package, while hopes that coronavirus vaccine rollouts will boost the global economy underpinned investor sentiment.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.78 per cent while Japan’s Nikkei dipped 0.22 per cent on profit-taking.
In Europe, stocks were mixed.
In commodities, oil prices jumped around 2 per cent on Friday, heading for a fifth week of gains, as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand even though these fell short of expectations.
(With inputs from Reuters)
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