RBI action helps Sensex, Nifty50 end 8-day losing streak as D-Street heads into mid-week holiday

Domestic equity benchmarks registered strong gains on Wednesday after the RBI kept the key lending rates unchanged, as expected, while announcing a slew of measures for the financial sector.

Both main indices surged 0.9 per cent for the day. The Sensex gained 715.7 points to end at 80,983.3 while the Nifty50 gained 225.2 points to settle at 24,836.3. 

Several analysts said the RBI’s latest steps will provide a long-term boost for the financial space. 

The country’s financial markets will observe a holiday on Thursday for Gandhi Jayanti. 

Source link