Highlights

  • Nifty reaches a new high above the 21,000 mark
  • Nifty 50 achieved the 21,000 milestone
  • RBI's consistent decision to maintain key rates for 5th consecutive time

Latest news

England name Playing XI, make 2 changes for 4th Test against India in Ranchi

England name Playing XI, make 2 changes for 4th Test against India in Ranchi

ED raids at Hiranandani Group's premises in and around Mumbai over FEMA violations: Report

ED raids at Hiranandani Group's premises in and around Mumbai over FEMA violations: Report

Andhra Pradesh parties use condoms in political campaigns, here's how

Andhra Pradesh parties use condoms in political campaigns, here's how

'Sunny Sansakri Ki Tulsi Kumari': Janhvi Kapoor to star opposite Varun Dhawan in Shasank Khaitan's next

'Sunny Sansakri Ki Tulsi Kumari': Janhvi Kapoor to star opposite Varun Dhawan in Shasank Khaitan's next

iQoo Neo 9 Pro launched in India: Check specifications, price and more

iQoo Neo 9 Pro launched in India: Check specifications, price and more

Karnataka imposes 10% tax on temples, BJP calls Congress 'anti-Hindu'

Karnataka imposes 10% tax on temples, BJP calls Congress 'anti-Hindu'

Nvidia's quarterly revenue beats estimates, rockets 265%, fueled by AI boom

Nvidia's quarterly revenue beats estimates, rockets 265%, fueled by AI boom

Jagan Reddy's sister spends night in Congress office fearing 'house arrest'

Jagan Reddy's sister spends night in Congress office fearing 'house arrest'

Nifty at fresh record high around at 21,000, Sensex up by 280 pts as RBI maintains repo rate

Indian equity benchmark Nifty 50 scaled to a fresh record high on Friday, December 8, and surpassed the 21,000 mark

Nifty at fresh record high around at 21,000, Sensex up by 280 pts as RBI maintains repo rate

Another day, another new peak for the stock markets! The markets opened on a strong note on Friday morning with the Nifty reaching a new high above the 21,000 mark, and the Sensex surging by 300 points. This rise followed the Reserve Bank of India's consistent decision to maintain key rates for 5th consecutive time. The broader indices showed a predominantly green start. Notably, the Nifty 50 achieved the 21,000 milestone, just 61 sessions after hitting the 20,000 mark in September.

Repo rate unchanged

The RBI kept the key repo rate unchanged at 6.50% for the 5th time in a row. However, the withdrawal of accommodation stance was maintained. The rate increase cycle was paused in April after six consecutive rate hikes, aggregating to 250 basis points since May 2022.

Also read/watch - RBI Monetary Policy December 2023: Repo rate left unchanged at 6.5% for the fifth time

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 6.5 per cent.

He said the MPC will remain "actively disinflationary". According to him, the growth projection has been raised to 7 per cent for the current financial year from 6.5 per cent earlier.

The central bank projected the Consumer Price-based Inflation (CPI) based retail inflation at 5.4 per cent for the current fiscal. The MPC meeting took place against the backdrop of inflation declining to 4.87 per cent in October. The November print of inflation is expected to be released next week.


Up Next

Nifty at fresh record high around at 21,000, Sensex up by 280 pts as RBI maintains repo rate

Nifty at fresh record high around at 21,000, Sensex up by 280 pts as RBI maintains repo rate

ED raids at Hiranandani Group's premises in and around Mumbai over FEMA violations: Report

ED raids at Hiranandani Group's premises in and around Mumbai over FEMA violations: Report

Nvidia's quarterly revenue beats estimates, rockets 265%, fueled by AI boom

Nvidia's quarterly revenue beats estimates, rockets 265%, fueled by AI boom

Byju's Crisis: ED issues look out circular for Byju Raveendran ahead of investor meet on Friday

Byju's Crisis: ED issues look out circular for Byju Raveendran ahead of investor meet on Friday

India set to surpass Japan and Germany to become world's third-largest economy by 2027: Jefferies

India set to surpass Japan and Germany to become world's third-largest economy by 2027: Jefferies

China tightens stock market control, bans net selling by institutions

China tightens stock market control, bans net selling by institutions

More videos

Watch: parents remove TV from Byju's office over delay in refund

Watch: parents remove TV from Byju's office over delay in refund

Gold, Silver Price Today February 22, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today February 22, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today February 21, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today February 21, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Indian government opens doors to 100% FDI in space sector

Indian government opens doors to 100% FDI in space sector

Govt hikes sugarcane fair price to the highest in 10 years

Govt hikes sugarcane fair price to the highest in 10 years

Salaries in India projected to rise by 9.5% in 2024, manufacturing sector to lead: Aon Survey

Salaries in India projected to rise by 9.5% in 2024, manufacturing sector to lead: Aon Survey

Nokia overhauls India operations, set to cut around 250 jobs

Nokia overhauls India operations, set to cut around 250 jobs

Startup to Scaleup | Union Living, a startup reimagining co-living solutions

Startup to Scaleup | Union Living, a startup reimagining co-living solutions

Paytm in talks with HDFC Bank, Axis Bank and SBI for UPI payment: Report

Paytm in talks with HDFC Bank, Axis Bank and SBI for UPI payment: Report

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.