Mumbai, Dec 4
The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India’s (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday.
Banking stocks rose amid volatile sessions in the market due to the possibility of Cash Reserve Ratio (CRR) cut by the central bank. Sensex settled at 80,956.3, higher by 110.58 points, or 0.14 per cent, while the Nifty ended at 24,467.45, up by 10.30 points, or 0.04 per cent.
Anticipation of CRR reduction energised banking stocks, pushing the Bank Nifty index over 1 per cent higher with the PSU Banking Index outperforming its private sector counterpart, as investors turned optimistic ahead of the RBI monetary policy meeting announcement.
On the broader market front, the Nifty Midcap 100 ended at 58,112.40, higher by 603.40 points, or 1.05 per cent. while the Nifty SmallCap 100 ended at 19,173.55, higher by 170 points, or 0.89 per cent.
According to experts, the domestic market maintained a positive trajectory, despite some volatility stemming from mixed sentiments in Asian markets due to the situation in South Korea.