Sensex gains 1% ahead of RBI MPC policy decision
The New Indian Express Mysuru|December 06, 2024
Policy rate cut unlikely at this meeting as RBI may await macro data, some expect CRR cut
ARSHAD KHAN @ New Delhi
Sensex gains 1% ahead of RBI MPC policy decision

DOMESTIC equity rallied sharply during the second half of Thursday's trading session amid renewed hope of a dovish monetary policy by the Reserve Bank of India (RBI). Further, a halt in selling by foreign institutional investors (FIIs) lifted sentiments.

Benchmark indices - BSE Sensex and NSE Nifty50, recovered from early losses and settled in green for the fifth consecutive session. The Sensex closed 809.53 points or 1% higher at 81,765.86 while the Nifty50 settled at 24,708.40, up 240.95 points or 0.98%.

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