new Delhi. The stock market saw a spurt for the fourth consecutive day and closed nearly 15,000 points before the RBI MPC meeting. According to experts, Nfti may cross the level of 15000 points during the RBI MPC meeting on Friday. Today, the stock market was seen falling in the morning. But after the quarterly results of SBI and other companies, the stock market saw a boom. In four days, the Sensex and Nifty 50 have seen a gain of 9%.
Stock market closed at record level
Today the stock market hit a record four for the fourth consecutive day. The Bombay Stock Exchange’s flagship index Sensex gained 358.54 points to end at 50,614.29 points. While during the trading session reached a record level of 50,687.51 points. The National Stock Exchange’s major index Nifty 50 gained 105.70 points to close at 14,895.65 points. Whereas during the trading level today, the Nifty reached near 14,913.70 points.
Banking sector boom
Today the stock market has seen a good boom. After the SBI quarterly results, the bank exchange closed up 631.08 points and the Bank Nifty rose by 586.40 points. BSE Auto closed at 274.19 and Capital Goods gained 337.10 points. BSE FMCG 281.46, BSE Metal 237.20, Oil and Gas 190.93, BSE PSU 194.93 and BSE Healthcare closed up by 62.99 points. On the other hand, Consumer durables closed down by 84.58 points, BSE IT 69.26 and Tech 49.12 points.
Rising and falling shares
Talking about the first rising stocks, shares of ITC and SBI saw a rise of about 6%. Bajaj Finance closed up 4.95 per cent, Coal India 4.63 per cent and ONGC 4.61 per cent. On the other hand, Asian Paints 2.11 per cent, UPL 1.83 per cent, Cipla 1.74 per cent, IndusInd Bank 1.56 per cent and Tata Motors 1.47 per cent.
Will the Nifty cross the 15,000 level?
According to stock market expert Sandeep Jain, RBI MPC will try to keep a happy atmosphere. There may be decisions to provide further relief to NFBFCs and banks. Due to which action in the banking sector can continue. Because of which there is a possibility of a boom in the stock market. Tomorrow the Nifty can be successful in breaking the level of 15 thousand. At the same time, due to the decision of Bad Bank, more action can be seen in the shares of PSU banks.