After the announcement of RBI, the stock market was buzzing, Sensex rose by more than 500 points from the lower levels.

Stock Market Update: Due to the announcement of bi-monthly loan policy by RBI Governor Shaktikanta Das, the Indian stock market is showing great growth. After the announcement of the results of the MPC meeting of the Governor, the Sensex and Nifty have shown a great recovery from the lower levels. The Sensex showed a gain of 520 points from the lower levels and started trading with a jump of 500 points. Currently, Sensex is trading at 58,829 points with a gain of 363 points, while Nifty has shown a rise of 164 points from lower levels and now it is trading at 17,565 points with a jump of 101 points.

After the announcement of the RBI Governor, there is a great rise in banking stocks, buying is also being seen in the financial sector stocks. It was believed that the RBI could take a decision on increasing the reverse repo rate to take back the extra cash with the banks, but it did not happen due to which the banks are breathing a sigh of relief. Whose air is being seen on the shares of the banking sector.

RBI has projected GDP to be 7.8 per cent in 2022-23, then despite the next expensive crude oil, the inflation rate has been reduced to 4.5 per cent, due to which the market is breathing a sigh of relief. The effect of this may be that the fear of increasing interest rates which is being feared may not be seen.

The effect of RBI’s announcement, apart from the shares of banks, is also visible on the shares of the real estate sector. The shares of Kotak Mahindra Bank, HDFC Bank, Axis Bank, SBI, IndusInd Bank, Bandhan Bank, ICICI Bank are witnessing great gains. In the real estate sector, the shares of Shobha Developers, Suntech Realty, Indiabulls Real, DLF are seeing a rise.

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