8/12/2023
Mumbai
The Reserve Bank of India's Monetary Policy Committee agreed to keep the repo rate unchanged at 6.5 % and also keeps the Financial Year 2024 inflation forecast unchanged at 5.4 %. however, raised GDP forecast for FY24 to 7 %.
After announcements, the NSE Nifty 50 zoomed past the 21,000-mark to hit a high of 21,006. However, some profit-taking thereafter made benchmark index erase gains and slip into red to a low of 20,863. The Nifty eventually ended with a decent gain of 68 points at 20,969.
The S&P BSE Sensex high a new all-time high at 69,894 towards the fag end of the trading sessions and settled 304 points higher at 69,825.
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