Stock Market Highlights:Sensex rises 582 points, Nifty around 17550 ahead of RBI monetary policy

Stock Market Highlights:Sensex rises 582 points, Nifty around 17550 ahead of RBI monetary policy

Ira Singh
5 April’23

The Indian equity market, has gained four consecutive sessions for the first time in 2023,on 5th April,supported by capital goods, FMCG and information technology shares.

At close, the Sensex was up 582.87 points or 0.99 percent at 59,689.31, while the Nifty gained 159 points or 0.91 percent at 17,557.

Investors likely to remain cautious ahead of RBI’s monetary policy decision on interest rates(25-basis point rate hike),expected to be announced on Thursday.

Stocks and Sectors

Top gainers on the Nifty included Larsen and Toubro, Coal India, Hero MotoCorp, Bajaj Auto and HDFC, while losers included Eicher Motors, M&M, IndusInd Bank, Adani Enterprises and NTPC.

Among sectors, capital goods, FMCG and information technology indices rose 1-2 percent, while selling was seen in the auto, power and PSU banks, according to reliable sources.

The BSE midcap index ended on a flat note, while smallcap index added 1 percent.

On April 5’23,the Indian rupee appreciated 5 paise to close at 81.95 against the US dollar.