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Indian equities ended their eight-day losing streak after the Reserve Bank of India’s Monetary Policy Committee (MPC) kept the repo rate steady at 5.5 per cent with a ‘Neutral’ stance. The central bank retained its FY26 GDP growth forecast at 6.5 per cent but lowered the CPI inflation projection to 3.1 per cent from 3.7 per cent estimated in June.
The 30-share benchmark index ended at 80983.31 up by 715.69 points or by 0.89 % and then NSE Nifty was at 24836.3 up by 225.2 points or by 0.92 %.
Sensex touched intraday high of 81068.43 and intraday low of 80159.9 The NSE Nifty touched intraday high of 24867.95 and intraday low of 24605.95
The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 718.15,+5.54%), Kotak Mahindra Bank Ltd. (Rs. 2062.95,+3.45%), Sun Pharmaceutical Industries Ltd. (Rs. 1636.15,+2.58%), Axis Bank Ltd. (Rs. 1159.40,+2.43%), ICICI Bank Ltd. (Rs. 1371.95,+1.77%), among others.
The top losers of the BSE Sensex pack were Bajaj Finance Ltd. (Rs. 987.60,-1.10%), State Bank of India (Rs. 864.05,-0.97%), UltraTech Cement Ltd. (Rs. 12118.75,-0.86%), Tata Steel Ltd. (Rs. 167.50,-0.71%), Asian Paints Ltd. (Rs. 2335.65,-0.62%), among others.
Bankex index was at 62401.58 up by 888.28 points or by 1.44%. Kotak Mahindra Bank Ltd. (Rs. 2062.95,+3.45%), Axis Bank Ltd. (Rs. 1159.40,+2.43%), YES Bank Ltd. (Rs. 21.76,+2.40%), ICICI Bank Ltd. (Rs. 1371.95,+1.77%), HDFC Bank Ltd. (Rs. 965.20,+1.48%),.
Oil&Gas index was at 26946.03 down by 35.9 points or by 0.13%. Hindustan Petroleum Corporation Ltd. (Rs. 434.35,-1.95%), Petronet LNG Ltd. (Rs. 275.25,-1.34%), GAIL (India) Ltd. (Rs. 174.65,-0.88%), Indian Oil Corporation Ltd. (Rs. 149.70,-0.03%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4478 , shares advanced were 2902 while 1417 shares declined and 159 were unchanged.
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