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Anish Rai

5th Aug · SEBI-Registered Analyst

Headline: Stock Market Close: Sensex Advances 152 Points, Nifty Ends Above 24,620 After RBI Keeps Repo Rate Unchanged

Summary: Indian benchmark indices ended marginally higher on Wednesday after the Reserve Bank of India left the repo rate unchanged at 5.25% and retained its neutral policy stance, in line with market expectations. The RBI reaffirmed its FY27 GDP growth forecast at 6.7% while revising its headline inflation projection to 5.0% from the earlier estimate of 5.1%, providing support to investor sentiment. The Sensex gained 152.05 points, or 0.19%, to close at 78,581.00, while the Nifty 50 added 9.75 points, or 0.04%, to settle at 24,624.65. Among the Nifty 50 constituents,

SHRIRAMFIN
,
GRASIM
, and
JSWSTEEL
Steel emerged as the top gainers. Broader markets also outperformed, with the Nifty Midcap 100 rising 0.18% and the Nifty Smallcap 100 advancing 0.70%. On the sectoral front, metal, realty, and auto stocks led the rally, whereas private banking and banking indices underperformed the broader market. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,

#StockInNews#Miscellaneous#MacroViews
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