Sensex, Nifty give thumbs up to RBI policyBenchmark indices closed with stellar gains on Friday as market participants cheered the RBI's monetary policy. Sensex surged 396 points to 40,578, while Nifty rose 101 points to 11,935. The RBI's MPC has pegged the real GDP growth for FY21 to contract by 9.5%. However, the GDP growth rate "may break out of contraction and turn positive during January-March" due to recovery seen across sectors. Banks and financial services stocks clocked big gains, with the Nifty bank ending 3% higher.

Source: Mint October 09, 2020 02:40 UTC