Market on Friday | Sensex rises 266 pts, Nifty ends near 25,700
Indian equity indices erased part of the previous session’s losses in a volatile session on February 6, with the Nifty trading near 25,700 after the central bank’s policy decision came in line with expectations.
The Monetary Policy Committee (MPC) of the Reserve Bank of India decided unanimously to maintain status quo on the repo rate at 5.25% on February 6 and retained stance at neutral.
At close, the Sensex was up 266.47 points or 0.32 percent at 83,580.40, and the Nifty was up 50.90 points or 0.20 percent at 25,693.70.
For the week, BSE Sensex and Nifty added 1.5% each.
Broader markets showed a mixed performance, with the Nifty Midcap index ending flat, while the Smallcap index slipped 0.3 percent.
On the sectoral front, IT index shed 1.5%, pharma index down 0.7%, auto and PSU Bank indices slipped 0.5% each, while FMCG index rose 2.2%, and ol & gas, consumer durables, Private Banks, realty up 0.5% each.
ITC, Kotak Mahindra Bank, Bajaj Finance, Bharti Airtel, HUL were among major gainers on the Nifty, while losers included Tech Mahindra, TCS, HDFC Life, Asian Paints and Bajaj Auto.