Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Indexes
  3. World
  4. SENSEX 30
  5. News
  6. Summary
       XC0009698199

SENSEX 30

SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index components

Indian shares rise 1% after central bank keeps rates steady

04/07/2021 | 06:36am EDT
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares and bonds rose on Wednesday after central bank kept interest rates at record lows to support the economy on the back of a record surge in COVID-19 cases, and announced a secondary market government security purchase programme.

The Reserve Bank of India (RBI) stuck to its accommodative monetary policy stance amid concerns that the resurgence in infections could derail the country's nascent economic recovery.

The NSE Nifty 50 index closed 0.92% higher at 14,819.05 and the S&P BSE Sensex rose 0.94% to 49,661.76.

The benchmark 10-year bond yield briefly rose to 6.19% after the policy decision, but fell to a low of 6.05% after the central bank announced a secondary market government securities (G-sec) acquisition programme.

"Fears of any pre-mature tightening either through rates or liquidity management by some sections of the market have been put to rest by RBI's dovish tone today," said Abheek Barua, chief economist, HDFC Bank.

The announcement of the G-sec acquisition program is likely to stabilise and support long-term yields, Barua said.

India's second wave of coronavirus infections continued to swell as the country reported a record 115,736 new cases on Wednesday.

The Indian rupee weakened to 74.55 against the dollar, hitting its weakest level since Nov. 17.

The Nifty bank index and the auto index rose 1.5% and 1.6%, respectively. ICICI Bank and Infosys were top boosts to the index, rising 1.9% and 1.3%, respectively.

Shilpa Medicare shares rose as much as 14.3% after an executive told Reuters that the drugmaker has the capacity to manufacture 100-200 million doses of a protein-based vaccine for COVID-19.

Shares of restaurant chain Barbeque-Nation Hospitality recovered early losses to rise 18% in their debut trading on Wednesday.

(Reporting by Nallur Sethuraman in Bengaluru and Savio Shetty in Mumbai; Editing by Shinjini Ganguli)

By Sethuraman N R


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / INDIAN RUPEE (AUD/INR) -0.03% 57.47453 Delayed Quote.1.93%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.03% 0.7841 Delayed Quote.1.22%
BANK OF INDIA LIMITED -0.88% 67.65 End-of-day quote.39.05%
BRITISH POUND / US DOLLAR (GBP/USD) -0.01% 1.3987 Delayed Quote.1.61%
CANADIAN DOLLAR / INDIAN RUPEE (CAD/INR) 0.00% 60.377 Delayed Quote.5.52%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.12% 0.8243 Delayed Quote.4.73%
EURO / INDIAN RUPEE (EUR/INR) 0.43% 89.188 Delayed Quote.-0.51%
EURO / US DOLLAR (EUR/USD) 0.00% 1.2162 Delayed Quote.-1.22%
HDFC BANK LIMITED 0.99% 1414.75 End-of-day quote.-1.50%
ICICI BANK LIMITED -0.18% 607.1 Delayed Quote.13.47%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.00% 0.013643 Delayed Quote.-0.75%
INFOSYS LIMITED -0.66% 1352.55 Delayed Quote.7.70%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.70% 0.72793 Delayed Quote.0.73%
NIFTY 50 0.67% 14823.15 Delayed Quote.6.02%
NIFTY BANK 0.23% 32904.5 Delayed Quote.5.25%
SENSEX 30 0.52% 49206.47 Real-time Quote.1.94%
SHILPA MEDICARE LIMITED 0.59% 441 End-of-day quote.-2.05%
US DOLLAR / INDIAN RUPEE (USD/INR) -0.39% 73.3 Delayed Quote.0.76%
All news about SENSEX 30
05/07Stocks Signal Stronger Session as US Futures Climb Pre-Bell; Europe Higher, A..
MT
05/07Wall Street Leans Forward Pre-Bell; Futures Green, Europe Up, Asia Unevenly H..
MT
05/07SENSEX 30  : Second Wave of COVID-19 to Diminish India's Economic Recovery, ANZ ..
MT
05/07Indian Stocks Close the Week in Green; HDFC, Bajaj Finserv Rally 3%
MT
05/07SENSEX 30  : Indian Indices Maintain Three-Day Winning Streak on Friday
MT
05/07Asian Stock Markets Higher, Excluding Hong Kong and China
MT
05/07TATA STEEL  : Indian shares mark second straight weekly gain as metal stocks, HD..
RE
05/06Equities Signal Stronger Open as US Futures Rise Pre-Bell; Europe, Asia Trade..
MT
05/06Wall Street Edges Forward Pre-Bell; Futures Green, Europe Steady, Asia Higher
MT
05/06MARKET CHATTER : Citigroup Earmarks Additional $27 Million for COVID-19 Relief i..
MT
More news
News of the index components SENSEX 30
05/07MAHINDRA AND MAHINDRA  : to open Advanced Design Centre for mobility products in..
AQ
05/07ASIAN PAINTS LIMITED  : annual earnings release
05/07INFOSYS  : Drug Discovery Informatics Market Technology 2021 Statistical Analysi..
AQ
05/06NTPC  : Renewable Energy Arm Signs Power Purchase Pact in Gujarat, India
MT
05/06MAHINDRA AND MAHINDRA  : & to Open New Design Center in UK
MT
05/05MARUTI SUZUKI INDIA  : Records Total Production of 159,955 Units in April
MT
05/05Banks, pharma lift Indian shares after cenbank unveils relief measures
RE
More news
Chart SENSEX 30
Duration : Period :
SENSEX 30 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SENSEX 30
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Top / Flop SENSEX 30
TATA STEEL LIMITED 1182.35 Delayed Quote.7.40%
VEDANTA LIMITED 283.2 End-of-day quote.5.30%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 2496.75 Delayed Quote.2.74%
MAHINDRA AND MAHINDRA LTD 767.4 Delayed Quote.2.68%
TATA MOTORS LIMITED 134.55 Delayed Quote.2.36%
BAJAJ FINANCE LIMITED 5493.8 Delayed Quote.-0.63%
INFOSYS LIMITED 1352.55 Delayed Quote.-0.66%
YES BANK LIMITED 13.35 End-of-day quote.-1.48%
HERO MOTOCORP LTD 2860.8 Delayed Quote.-1.80%
BAJAJ AUTO LIMITED 3866.75 End-of-day quote.-1.89%
Heatmap :