BSE Closes 300 Points Above at 34,413, Nifty at 10,576
New Delhi, Feb 8: After days of vulnerabilities, the market on Friday closed above the Wednesday’s mark. S & P Bombay Stock Exchange on Thursday closed 300 points above at 34,413. Similarly, NSE 50 also closed trade at 10,576 points. The day remained good for indexes like Sun Pharma, Dr. Reddy’s, State Bank of India, Axis Bank and HDFC gained which gained 1.5 per cent to 6 per cent during the day.
At 11:18 am: Key equity indices continued to rise further. The BSE Sensex was 420 points up at 34,503 while NSE Nifty was 117 points up at 10,593.
On Wednesday, the Indian markets had closed in red after the Reserve Bank of India (RBI) announced to keep the key lending rates unchanged. While the Sensex fell 113 points when the closing bell was sounded, the Nifty closed below 10,500 mark.
The key interest rate was kept unchanged at 6 per cent for the fourth time in succession at the RBI’s final bi-monthly monetary policy review of the fiscal, citing concerns about the inflationary push by rising global crude oil prices.