• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Share Market Ends Flat, Sensex Settles At 81,709 After RBI MPC Decisions

OMMCOM NEWS by OMMCOM NEWS
December 6, 2024
in Business
Share Market

Mumbai: The Indian stock market closed flat on Friday after the announcement of the RBI’s Monetary Policy Committee (MPC) decisions on repo and CRR rates, as selling was seen in IT, financial services, and pharma sectors and buying was seen in auto and metal stocks.

At closing, Sensex settled at 81,709.12, down by 56.74 points, or 0.07 per cent, and Nifty ended at 24,677.80, down by 30.60 points, or 0.12 per cent.

The result of the RBI MPC meeting saw the repo rate kept steady but a 50 basis point cut in CRR was seen as a major highlight.

By maintaining the repo rate at 6.5 per cent and implementing a 50 bps CRR cut to 4 per cent, the central bank has infused Rs 1.16 lakh crore into the banking system.

Nifty Bank ended at 53,509.50, down by 94.05 points or 0.18 per cent. The Nifty Midcap 100 index closed at 58,704.60 at the end of trading after gaining 263.05 points or 0.45 per cent.

Nifty Smallcap 100 index closed at 19,492.10 after rising 158.55 points or 0.82 per cent.

In the Sensex pack, Bharti Airtel, Asian Paints, IndusInd Bank, Bajaj Finserv, Reliance, Infosys, and UltraTech Cement were the top losers, whereas, Tata Motors, Axis Bank, Maruti, L&T and ITC were the top gainers.

Krishna Appala of Capitalmind Research said the broader markets witnessed a good recovery this week, with the Nifty 50 gaining 3.2 per cent, while the Midcap and Smallcap indices rose by 3.5 per cent and 3.3 per cent, respectively.

“FIIs also signalled a slow return, as data from the first week of December revealed a net cash market inflow of approximately Rs 14,000 crore. This comes as a welcome relief after the relentless selling pressure witnessed in November,” Appala added.

Vipul Bhowar, Senior Director-Listed Investments, Waterfield Advisors said the RBI’s repo rate decision reflects a careful balancing act between managing inflation and fostering economic growth in the context of challenging circumstances and an unpredictable global economic environment.

(IANS)

Tags: Indian stock marketMumbaiRBIshare market
ShareTweetSendSharePinShareSend
Previous Post

BGT 2024-25: Bumrah Becomes Third Indian Pacer To Take 50 Test Wickets In A Calendar Year

Next Post

RBI Raises Limit Of Collateral-Free Agriculture Loans To Rs 2 Lakh

Related Posts

India-US
Business

Reinvigorate ‘Made In India’ As Hallmark Of Unquestionable Quality Amid US Tariffs: SBI Report

August 1, 2025
Business

PNB Housing Finance Stock Tanks 16 Pc After CEO Resigns

August 1, 2025
sensex
Business

Nifty, Sensex Open Lower As New Trump Tariffs Kick In

August 1, 2025
Business

Govt Spends Rs 2.75 Lakh Crore On Big Infra Projects To Boost Growth In April-June

July 31, 2025
Business

Indian Stock Market Defies US Tariffs, Settles Slightly Lower

July 31, 2025
Economy
Business

Urban Demand, Tax Cuts To Drive India’s 6.5 Pc Growth In FY26

July 31, 2025
Next Post

RBI Raises Limit Of Collateral-Free Agriculture Loans To Rs 2 Lakh

Union Home Minister Amit Shah

Amit Shah To Visit Jodhpur Tomorrow, Unveil Vallabhbhai Patel's Statue On Dec 8

Prafulla Samal Appointed Odisha President Of Biju Shramika Samukhya

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.