Sensex hits all-time high as RBI raises GDP growth projection 
News Updates

Sensex hits all-time high as RBI raises GDP growth projection

PTI

New Delhi: Benchmark Sensex soared by more than 1,720 points or over 2 percent to hit life-time intra-day record highs on Friday after the Reserve Bank of India revised upwards the GDP growth projection to 7.2 percent for 2024-25 from 7 percent earlier.

The 30-share BSE Sensex jumped 1,720.8 points to hit a record peak of 76,795.31 in day trade. The NSE Nifty went up by 498.8 points to 23,320.20.

PSU Watch is now on Whatsapp Channels. Click here to join

IT and interest rate-sensitive bank, realty and auto stocks were trading with gains.

In the past two days, the BSE benchmark surged 2,995.46 points or 4.15 percent after Tuesday's massive rout.

The Reserve Bank of India (RBI) on Friday decided to keep the policy rate unchanged for the eighth time in a row, saying it will maintain a tight vigil on inflation.

Announcing the second bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5 percent.

The Reserve Bank revised upwards the GDP growth projection for the current fiscal to 7.2 percent from 7 percent on rising private consumption and revival of demand in rural areas.

All the 30 Sensex companies were trading in the positive territory, Mahindra & Mahindra, Wipro, Tech Mahindra, UltraTech Cement, Tata Steel and Infosys were among the biggest gainers.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

India’s natural gas consumption soars higher than petroleum products in H1 of FY25

PESB names Alok Verma to head SAIL's Rourkela Steel Plant

Policy to provide social security to gig, platform workers under process: Mansukh Mandaviya

FASTag parking management system launched at Howrah Railway Station

Vivek Aggarwal (IAS) gets another 6 months extension as Director of FIU - India