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Taking Stock | Sensex up 1,016 points, Nifty above 17,450 as RBI holds rates steady

Bajaj Finance, Hindalco Industries, Maruti Suzuki, SBI and Bajaj Finserv were among the top Nifty gainers. Losers included HDFC Life, Kotak Mahindra Bank, Power Grid Corp, Divis Labs and IOC

December 08, 2021 / 04:53 PM IST

Indian shares closed higher for the second consecutive day on December 8 as the Reserve Bank of India left key rates unchanged at record lows and stuck to an accommodative to support growth.

At close, the Sensex was up 1,016.03 points, or 1.76 percent, at 58,649.68, and the Nifty was up 293.10 points, or 1.71 percent, at 17,469.80.

The Indian indices started gap up on positive global cues and continued the upward momentum after the Reserve Bank of India’s monetary policy committee (MPC) retained the key lending repo rate at 4 percent and maintained its stance as "accommodative".

This is the ninth consecutive policy meeting where the rate-setting panel has left rates unchanged. The reverse repo rate stays at 3.35 percent and the MSF rate at 4.25 percent.

Sensex59,932.24224.16 +0.38%
Nifty 5017,610.40-5.90 -0.03%
Nifty Bank40,669.30156.30 +0.39%
Nifty 50 17,610.40 -5.90 (-0.03%)
Thu, Feb 02, 2023
Biggest GainerPricesChangeChange%
ITC378.6017.20 +4.76%
Biggest LoserPricesChangeChange%
Adani Enterpris1,565.25-570.10 -26.70%
Best SectorPricesChangeChange%
Nifty FMCG45981.601023.30 +2.28%
Worst SectorPricesChangeChange%
Nifty Metal5908.20-268.85 -4.35%