look news india
Stock Market Close Down: There was a decline in the stock market today amid the monetary policy announcements of RBI. Sensex closed 20.59 points up at 74248.22 with a swing of 414.19 points, while Nifty closed flat at 22513.70, up 0.95 points. Market cap is Rs 399.35 lakh crore.
RBI has kept the repo rate at 6.5 percent for the seventh consecutive time. Also focusing on inflation, it was announced that there is no hurry to reduce interest rates. Which shows that the stock market will remain in a range in the near future.
market breadth positive
Out of total 3948 shares traded on BSE, 2424 shares were positive and 1424 closed with decline. 215 shares closed at year's high and 9 shares closed at year's low. Out of 30 Sensex stocks, 18 declined and 12 gained. Which shows that the overall market sentiment is cautious and the market sentiment is positive.
nifty realty index up
Among rate-sensitive sectors, Nifty Realty index witnessed gains today. Bank Nifty closed in the green zone after profit-booking in finance stocks. Selling was recorded in auto, techno, energy shares.
Market experts are positive towards banking and finance stocks. RBI is working on improving the liquidity situation in February and March. With loan interest rates remaining stable, the realty sector is also likely to boom.