Sensex ends 117 points up!Best weekly gain in 10months)

Feb 05, 2021 | 1 min Read

Sensex scaled record high of 51,073.27 while the Nifty hit record high of 15,014.65 level in early trade. SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack Market indices closed at new record highs on Friday, tracking cues from positive global equities that extended rally. Gaining for fifth straight day, Sensex ended 117 points higher to 50,723 while Nifty gained by 28 points to 14,924. Sensex and Nifty hit fresh lifetime highs of 51,073 and 15,014 in early session today. RBI monetary policy The RBI kept the repo rate unchanged at 4 per cent and maintained the policy stance as 'accomodative' in its bi-monthly monetary policy meeting. Besides, it projected the GDP growth of 10.5 per cent in FY22 for India while projection for CPI-based inflation was revised to 5.2 per cent for Q4FY21. Global shares approached record highs on Friday and the dollar headed for its best weekly gain in three months, as progress in vaccine distribution and US stimulus hopes prompted bets on further normalisation in the global economy.