Sensex up 460 points as RBI holds rates, JSW Steel gains

Sun, 16 Mar 2025

Sensex up 460 points as RBI holds rates, JSW Steel gains

ANI
07 Apr 2021, 16:33 GMT+10

Sensex up 460 points as RBI holds rates, JSW Steel gains

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)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Africa Leader.

More Information

null in null

International

Section

NTSB urges FAA to restrict helicopters near Reagan National Airport

US agency to restrict helicopters over Reagan airport after collision

WASHINGTON, D.C.: U.S. Transportation Secretary Sean Duffy announced that helicopters will be permanently banned from flying near Washington...

Virginia governor warns US must fast-track fusion or fall behind China

U.S. to fall behind China, Virginia governor warns

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...

China now dominates shipbuilding; US faces security risks

China's shipbuilding dominance poses security risk for US

WASHINGTON, D.C.: In the past 20 years, China has become the world's top shipbuilder, producing more than half of all commercial ships....

New York fires 2,000 prison guards after wildcat strike

New York fires 2,000 prison guards who refuse to return after strike

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...

China hits Canadian agriculture with tariffs in trade retaliation

China imposes retaliatory tariffs on Canadian farm and food products

BEIJING, China: China has announced new tariffs on Canadian agricultural and food products in retaliation for Canada's recent duties...

One dead, three injured as RV flips in Texas storm

Severe Texas storm flips an RV, killing 1 and injuring a family

ENNIS, Texas: A man died, and three of his family members were injured when their RV flipped several times during a strong storm at...

Business

Section

Boeing's February deliveries surge to 44, up from 27 last year

Boeing deliveries rise 63% in February from one year earlier

SEATTLE, Washington: Boeing saw a significant increase in aircraft deliveries in February, reporting 44 planes delivered compared to...

Southwest ends free checked bags, introduces new fees

At Southwest Airlines, checked bags will no longer fly for free

DALLAS, Texas: Southwest Airlines will start charging passengers for checked bags, ending a long-standing policy that set it apart...

U.S. stocks rally hard despite drop in consumer sentiment

Dow Jones jumps 675 points as Wall Street rebounds

NEW YORK, New York - U.S. stocks rallied hard on Friday, boosted by strong rises around the world. Investors shrugged off a decline...

Maserati cancels electric MC20 plans over low demand

MILAN, Italy: Maserati has scrapped plans for an electric version of its MC20 sports car, citing low expected demand for the high-performance...

Volkswagen to slash 1,600 jobs at Cariad by year-end

Volkswagen to lay off 1,600 staff at Cariad software unit

BERLIN, Germany: Volkswagen is set to cut 1,600 jobs at its Cariad software division by the end of the year, affecting nearly 30 percent...

Travel to and from Israel to be boosted by terminal reopening

israel's Ben Gurion International Airport to resume full operations

The principal terminal, Terminal 1, at Israel's largest airport will reopen at the end of this month, having largely been closed since...

Movie Review

Dune (2021)