Categories: Business

Sensex gains 362 points; Nifty closes at 11200 level

stock market today
Image Source: GOOGLE

new Delhi. After the Reserve Bank's approval for debt restructuring and the assurance to take further steps to recover the economy in the coming days, the stock market has closed with a rise. In today's trade, the Sensex has gained 362 points to close at 38025 and the Nifty has gained 98 points to 11200. In today's business, except for public sector banks, all other sector indices have seen an increase.

The Reserve Bank has not made any changes in the interest rates after the policy review today, although the RBI clearly said that they will take all possible steps to recover the economy after the Karona crisis. Along with this, the Reserve Bank has also approved restructuring of debt. The market responded positively to this move, after which the stock market saw an increase. The Reserve Bank had earlier cut rates on May 22, after which the market has seen an increase of up to 23 percent.

In today's business, except for the index of public sector banks, all other sectors have seen an increase. The index was the biggest gainer in the IT sector with a 1.9 percent gain. On the other hand, the metal and pharma sector index gained about 1.5 percent. Realty and FMCG sector indices were up more than 1 percent. Growth in banks, private banks and auto sector was less than one per cent. On the other hand, government banks saw a decline of 0.23 percent.

This post was published on August 6, 2020 4:03 pm

Content Team

Recent Posts

Ban on gaming apps hopes for opportunity for domestic sector

Photo: MEDIATEK online gaming new Delhi. The government has banned 118 apps keeping in mind the security of the country.…

India august gold imports double to hit 8 months peak says source

Photo: TIMESOFINDIA gold import at 8 months high new Delhi. The economy is now looking forward to a gradual recovery.…

Coal India Q1 profit plunges 55 percent YoY

Photo: GOOGLE Coal India Q1 result new Delhi. Coal India's profit fell 55 per cent in the first quarter to…