Share Market Closing Bell! Sensex reclaims 60000-mark, Nifty near 17900; Reliance gains 4% to become top gainer

The Indian markets on Friday closed on a positive note, as the Reserve Bank of India (RBI) kept the key rates unchanged for the eighth time so far. The benchmark indices — Sensex closed over 350 points, reclaiming the 60000-mount at the close, while Nifty traded near 17900-level.

The BSE Sensex jumped 362.77 points or 0.61 per cent at 60040.6; while Nifty50 gained over 104 points or 0.59 per cent to 17,895. Similarly, the mid-cap index along with benchmarks also soared over 133 points or 0.43 per cent at the market close today.      

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The RBI’s MPC has kept the October policy’s rate unchanged to 4 per cent on the back of the evolving macroeconomic and financial conditions. The committee voted unanimously to maintain the status quo and by a majority of 5 to 1 to retain the Accommodative stance. 

At least 23 stocks advanced and 27 declined of Nifty50 at the market close on Thursday. Index heavyweight Reliance Industries surged most by near 4 per cent at the market close, hitting a new life high of Rs 2684.4 per share. Similarly, IT stocks such as Wipro, Infosys each gained around 3 and 2 per cent at the close; while Tech Mahindra and HCL Tech each jumped over 1 per cent. 

On the contrary, Coal India continued to be the top laggard since the market open, it closed over 1.5 per cent, followed by SBI Life down 1.5 per cent too. While Maruti, Shree Cement, and HUL each declined by over 1 per cent in an otherwise positive market on Friday.

All sectoral indices closed in the green, except for FMCG, Pharma, Realty and Financial services. Nifty IT ahead of the TCS results today jumped over 2 per cent, followed by Auto and Metal, while Nifty FMCG and Realty declined most in the positive market today.