In response to the Reserve Bank of India's (RBI) policy moves, the Nifty50 surpassed the 21000 mark for the first time, touching an all-time high of 21,006.10.
2
RBI keeps repo rate unchanged
The RBI has chosen to keep the repo rate unchanged at 6.50% after a three-day monetary policy meeting, marking the fifth time in a row that the rate has remained unchanged.
3
RBI raises GDP projection
The RBI also raised its GDP growth projection for FY24 to 7.0% from 6.5%, citing strong investment activity, manufacturing capacity utilization, and festival demand.
4
December's 4% surge
The Nifty50 index surged over 4% in December so far, registering its best monthly performance since 2020.
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Rate-sensitive sectors gain
Rate-sensitive sectors like banks, financial services, and real estate saw gains between 0.3% and 1.2%.