Nifty Climbs 21,000 For First Time As RBI MPC Holds Key Rate; Sensex Jumps 300 pts – News18

After a day’s gap, benchmark indices made new peaks again on Friday. The Nifty50 benchmark breached the 21,000 mark as the Reserve Bank of India (RBI) held the repo rate at 6.5 per cent. The BSE Sensex also extended gains and jumped 300 points to a new high of 69,831.

JSW Steel, Wipro, IndusInd Bank, HCL Tech, NTPC and M&M led gains on the Sensex, while LTIMindtree, UPL and Hindalco were the top Nifty winners.

On the flip side, ICICI Bank, Kotak Bank, SBI, Airtel, Bajaj Finance, Divi’s Labs and Dr Reddy’s were the leading frontline drags.

The BSE MidCap and SmallCap indices were firm and rose over 0.4 per cent each.

Among stocks, IIFL Securities rallied 12 per cent after SAT set aside Sebi order, which barred the firm from taking new clients for two years.

Shares of sugar companies like Praj Industries, Renuka Sugars, Dwarikesh Sugar tumbled 5-6 per cent after the govt asked the industry to stop producing ethanol from sugarcane juice amid expected shortage of sugar ahead.