After RBI credit policy was announced by RBI Governor Shaktikanta Das, in which he retained repo rate at 4%, the stock markets skyrocketted to all-time highs. The reason why that happened was explained by Market Guru and Zee Business Managing Editor Anil Singhvi. He said that it was the 'accommodative stance' announced by RBI Governor till 31st March that boosted markets to a record high. This comment has been very positive for stock markets. Singhvi explains that this comment means that interest rates are not going to rise further till the end of financial year as indicated by RBI Governor. So, while Nifty is trading at all time high of 13250 level, Sensex has crossed the record 45000-pt level.

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Ultratech Cement is leading the Nifty today, up over 6%, while Hindalco and Grasim from Birla Group are up 3% to 5%. ICICI Bank and LT are up over 2%.

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Geojit Financial Services says that status quo in policy rates and policy stance are on expected lines. The central bank has reiterated that it will use appropriate policy instruments to ensure ample liquidity to support growth. The revision of FY 21 GDP growth rate to -7.5 percent is positive. RBI's projection of GDP growth to be positive for H2 is in line with market’s optimism. Emphasising the multi-speed upturn in economy, the central bank has announced the extension of on tap TLTRO to stressed sectors. There is no market moving announcement in the policy, but the overall tone is positive.