ANI
07 Apr 2021, 16:33 GMT+10
Mumbai (Maharashtra) [India], Apr 7 (ANI): Equity benchmark indices gained nearly one per cent on Wednesday as the Reserve Bank of India kept repo rate unchanged at 4 per cent and maintained 10.5 per cent growth projection for FY22.
Moreover, the International Monetary Fund has projected India's GDP to grow at 12.5 per cent in FY22.
The BSE SP Sensex closed 460 points or 0.94 per cent higher at 49,662 while the Nifty 50 edged higher by 136 points or 0.92 per cent to 14,819.
All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty PSU bank up by 2 per cent, auto by 1.4 per cent, financial service by 1.1 per cent and IT by 1 per cent.
Among stocks, JSW Steel was up by 5.3 per cent to Rs 566.10 per share. State Bank of India gained by 2.2 per cent, SBI Life by 2.1 per cent and ICICI Bank by 1.9 per cent.
The other prominent winners were Britannia, Nestle India, Bajaj Auto, Hero MotoCorp, Wipro and Bharti Airtel.
However, Adani Ports fell by 1.9 per cent to close at Rs 819 per share. The others which lost were Titan, Tata Consumer Products, UPL, Hindustan Lever and Tata Motors.
Meanwhile, a gauge of Asian shares climbed to three-week highs as investors eyed the upcoming earnings season for further signs of a global economic recovery.
Besides, the IMF raised its global growth forecast to 6 per cent this year from 5.5 per cent, reflecting a rapidly brightening outlook for the US economy.
MSCI's broadest index of Asia Pacific shares outside of Japan was up by 0.3 per cent for its second straight day of gains.
Japan's Nikkei was 0.12 per cent higher while South Korea's Kospi added 0.33 per cent. Hong Kong's Hang Seng index fell by 0.91 per cent as technology stocks dipped. (ANI)Get a daily dose of Afghanistan Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Afghanistan Sun.
More InformationWASHINGTON, D.C.: U.S. Transportation Secretary Sean Duffy announced that helicopters will be permanently banned from flying near Washington...
NEW YORK CITY, New York: The U.S. must accelerate its efforts to develop fusion energy or risk losing its edge to China, Virginia Governor...
WASHINGTON, D.C.: In the past 20 years, China has become the world's top shipbuilder, producing more than half of all commercial ships....
ALBANY, New York: New York fired over 2,000 prison guards this week for not returning to work after a weeks-long strike that disrupted...
BEIJING, China: China has announced new tariffs on Canadian agricultural and food products in retaliation for Canada's recent duties...
ENNIS, Texas: A man died, and three of his family members were injured when their RV flipped several times during a strong storm at...
Jalalabad [Afghanistan], March 15 (ANI): In a landmark humanitarian initiative, the United Arab Emirates (UAE) has launched a transformative...
Teachers and parents play games with children at a kindergarten in Rizhao City, east China's Shandong Province, Feb. 20, 2025. (Xinhua/Guo...
ABU DHABI, 15th March, 2025 (WAM) -- The United Arab Emirates has welcomed the agreement reached between the Republic of Tajikistan...
(250315) -- TASHKENT, March 15, 2025 (Xinhua) -- Uzbek President Shavkat Mirziyoyev (1st R) meets with Chairman of the Russian State...
(250315) -- BEIJING, March 15, 2025 (Xinhua) -- Gong Li of China competes during the women's 1000m rep. semifinal at the ISU World...
ISLAMABAD — Pakistan officials confirmed Friday that 31 people, including 23 security personnel, lost their lives in Tuesday’s train...