Leaders Online: On the background of Reserve Bank of India's monetary policy announcement, the stock market traded at a steady level on Friday. The Sensex closed at 74,248 with a marginal gain of 20 points in today's somewhat volatile environment. While Nifty settled at 22,513. Meanwhile, the RBI's decision to keep the repo rate at 6.5 percent kept the banking stocks buoyant. Also purchases were made in pharma and realty sector. But IT shares fell. (Stock Market Closing Bell)
At the sectoral level, banks, FMCG, realty grew by 0.5 percent each. While IT and media declined by 0.5 percent each. The BSE Midcap and Smallcap indices rose 0.5 percent each.
Sensex and Nifty remained flat today after the Reserve Bank of India (RBI) gave no indication of a rate cut and kept the repo rate unchanged at 6.5 percent for the seventh consecutive time.
Top losers on the Sensex were Ultratech Cement, Bajaj Finance, LT, Maruti, Bharti Airtel, Asian Paints, Tech Mahindra. While the shares of Kotak Bank, HDFC Bank, Bajaj Finserv, ITC, SBI rose the most.
On the Nifty, shares of Ultratech Cement, Grasim, Bajaj Finance, Bajaj Auto, LT fell. Kotak Bank, HDFC Bank, SBI Life, HDFC Life, IT were the top gainers.
Banking shares soar
Bank Nifty rose around 1 percent today. AU Small Finance Bank, Kotak Bank, Federal Bank, HDFC Bank, IDFC First Bank were leading stocks in the Nifty Bank rally. These shares rose by 1 to 2 percent. (Stock Market Closing Bell)
Realty shares also rose
Realty shares rose after RBI decision. Mahindra Lifespace Developers, Godrej Properties, Oberoi Realty, DLF, Brigade Enterprises, Macrotech Developers, The Phoenix Mills were the top gainers on Nifty Realty Index. Shares of Mahindra Lifespace Developers rose to Rs 669. It then settled at Rs 640 with an increase of 2 percent. (Mahindra Lifespace Developers Share Price)
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