Sensex, Nifty hit record highs ahead of a central bank decision that could potentially leave interest rates at record lows.
While Nifty crossed 15,000 mark for the first time, BSE Sensex today touched a record high of 51,000 mark in the opening trade. At 10 IST, Sensex was trading at 51,000.29, up 386 points from the previous close. Whereas Nifty Nifty touched a high of 15,005.95 in the early trade.
RBI has slashed its main repo-rate by 115 basis points since March’20 to cushion the impact of the COVID-19 pandemic, keeping its benchmark lending rate at 4-percent till 2023, according to Reuters poll.
Among Nifty stocks, Shares of SBI are trading up by 10 percent on strong quarter earnings which led Nifty-Banking index to surge 36k. Kotak-Mahindra, Divis-Labs, HDFC, Axis-Bank, ONGC, Titan Company, Hero MotoCorp, ITC, Adani-Ports, NTPC, were the other prominent gainers.