• Source:PTI
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Stock Market:  The stock market continued to consolidate the early gain on Friday after the Reserve Bank of India (RBI) kept interest rates unchanged for the eighth consecutive time, in line with market expectations. Following this decision, the stock markets continued their upward trajectory for the third straight day.

At around 11:55 am, the 30-share BSE Sensex rose 1278 points to trade over 76,371. The NSE Nifty gained 366 points to trade at 23,180.  real estate, Interest-rate sensitive banking, and auto stocks traded in the green.

In the last two days, the Sensex has gained 2,995.46 points or 4.15 percent after suffering a big blow on Tuesday. On Friday, the RBI decided to keep interest rates unchanged for the eighth consecutive time, saying that it will continue to keep a tight eye on inflation.
Announcing the second bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said that the Monetary Policy Committee has decided to keep the repo rate unchanged at 6.5 percent.

Also Read: RBI MPC Meeting: Central Bank Keeps Repo Rate Unchanged At 6.5%

Among the 30 Sensex companies, Tech Mahindra, Wipro, Infosys, Bajaj Finserv, Tata Steel, and Tata Consultancy Services were the top gainers. IndusInd Bank, Hindustan Unilever, Maruti, and ITC were the laggards.

Asian markets saw gains in Seoul, while Tokyo, Shanghai, and Hong Kong declined. US markets ended mixed on Thursday. The global benchmark Brent crude rose 0.26 percent to $80.08 per barrel. According to stock exchange data, foreign institutional investors (FIIs) sold shares worth Rs 6,867.72 crore on Thursday.

The Sensex regained the level of 75,000 points on Thursday and closed at 75,074.51 points, up 692.27 points or 0.93 percent. The Nifty rose 201.05 points or 0.89 percent to 22,821.40 points.

Also read: RBI MPC Meeting: GDP Growth Projection For FY25 At 7.2%