Sensex rose by more than 300 points: trading at 81,400, Nifty also gained 100 points; Banking and metal shares climb

Mumbai42 minutes ago

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Today, on June 5, there is a boom in the stock market. The Sensex is trading at 81,400 levels with a gain of over 300 points. At the same time, the Nifty also has a gain of about 100 points. It is trading at the level of 24,700.

Of the 30 shares of the Sensex, 24 are rose and 6 declines in 6. Banking, auto and metal stocks are seeing a faster rise. There is a decline in shares of public sector banks.

Mixed business for Asian markets

In Asian markets, Japan’s Nikkei is trading at 37,658 at 37,658 and Korea’s Kospi is trading up 41 points at 2,812.
Hong Kong’s Hangseng index is trading at the level of 197 points at 23,851. At the same time, China’s Shanghai Composite is trading at 3,379 with a gain of 2 points.
On June 4, the US Dow Jones fell 91 points to close at 42,427. At the same time, Nasdaq Composite climbed 61 points to 19,460 and S&P 500 closed at 5,970.

Second day of Reserve Bank’s Monetary Policy Meeting

Today is the second day of the Reserve Bank (RBI) Monetary Policy Committee (MPC) meeting. According to experts, the Monetary Policy Committee can also cut the repo rate by 0.25% this time. That is, loans may be cheap in the coming days.

On June 6, at 10 am, RBI Governor Sanjay Malhotra will give information about the decisions taken in this meeting. There has been a reduction of 0.50% in two meetings held earlier. Due to this, the repo rate has fallen to 6%. MPC consists of 6 members. Of these, 3 are of RBI, while the rest are appointed by the central government.

The market was boom tomorrow

The stock market was boom today i.e. June 4. The Sensex closed at 80,998 with a gain of 260 points. At the same time, the Nifty also closed at 24,620 with a gain of 78 points.

19 out of 30 shares of Sensex declined and 11 declined. Metal, auto, banking and IT stocks saw a greater increase. Realty shares fell by 0.70%.