Rudra Investment: Sensex up 550 points after RBI policy, Nifty crosses 10,300

The Stock Market Expert report days after the announcement of the RBI policy, the market has seen rapid growth. Reserve Bank of India has not made any change in the policy rate. This led to a gain of over 500 points in the Sensex with the rise in rate sensitive stocks, banks, auto and realty stocks. The Nifty managed to cross the 10,300 level. All the indexes including sectoral index metal are trading on the upside. SBI, Infosys, TCS, HUL, Reliance Industries, Maruti, HDFC, ONGC and HDFC Bank were among the support buyers in the heavyweight's shares. At the moment, the Sensex has climbed 542 points to 33,562 and Nifty is trading 177 points at 10,306 levels.

Earlier, the Sensex rose 271 points to 33,290 points and the Nifty climbed 100 points to 10,228 levels. On the positive side of the global market, the domestic market started on a positive note Thursday. With the decrease in the impact of the trade war in the US and China, the markets got support from the recovery in markets around the world.

Reasons for The Stock Market rise

- On Thursday, the benchmark index of the stock market rose more than 1 percent. The reason for the rise in banking shares is the RBI decision, in which it has given the bank more time to provision the losses suffered in the government bond portfolio.

Besides, concerns of trade-war have also seen a sharp uptick in the US markets on Wednesday. Asian markets gained sharply on Thursday in the Asian markets. Positive signals from Asian and American markets have an impact on the Indian stock market. This is going to see the business with the increase in the market.

The decision on interest rates today

A two-day meeting of the monetary policy committee led by Governor Urjit Patel of Reserve Bank of India began on Wednesday. MPC will announce the results of the first bi-monthly monetary policy meeting of the current financial year today. Most experts believe that RBI will not make any changes in interest rates.

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