Benchmark Sensex soared by more than 1,720 points or over 2 per cent 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 per cent for 2024-25 from 7 per cent earlier.
The 30-share BSE Sensex jumped 1,720 points to hit a record peak of 76,795 in day trade. The NSE Nifty went up by 499 points to 23,320. IT and interest rate-sensitive bank, realty and auto stocks were trading with gains.
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In the past two days, the BSE benchmark surged 4.15 per cent after Tuesday's massive rout. 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 per cent.