Increase in interest rates in the stock market – Nifty crosses 17,550

The initial rally in the Indian stock market on Friday morning was muted after the Reserve Bank of India raised interest rates by 0.50 per cent, but the rate hike decision followed the RBI’s positive inflation and GDP forecast. The Nifty 50 index, which had fallen below 17,400 at one point, again crossed 70 points, […]
 


Increase in interest rates in the stock market – Nifty crosses 17,550

The initial rally in the Indian stock market on Friday morning was muted after the Reserve Bank of India raised interest rates by 0.50 per cent, but the rate hike decision followed the RBI’s positive inflation and GDP forecast.

The Nifty 50 index, which had fallen below 17,400 at one point, again crossed 70 points, a gain of 0.45%, to cross 17,450. On the other hand, S&P BSE Sensex is also trading above 58,550 with a third of 250 points.

ICICI Bank and Infosys are the biggest contributors to the bullish market today, while Reliance tops the market with a fall of 1%.

Of the 30 stocks included in the Sensex, 22 are trading with gains while eight are down.

Total positive trading in the border market today is less than the gain of 2000 in 1100 shares, while there is no change in 151 shares. Upper Circuit Touched On the other hand, Lower Circuit is seen in 101 stocks

S&P BSE Midcap is trading with a gain of 0.33% and Smallcap index is up 0.58%.