Last updated: Oct 6, 2023 3:48 PM IST
Domestic stocks rose on Friday after the Reserve Bank of India maintained its FY24 inflation and GDP growth forecast at 5.4 per cent and 6.5 per cent respectively, despite global headwinds. The central bank also kept the repo rate unchanged at 6.5 percent for the fourth time in a row.
The benchmark S&P BSE Sensex gained 364 points, or 0.55 percent, to end at 65,996, while the Nifty50 closed at 19,654, up 108 points or 0.55 percent.
Bajaj Finserv, Bajaj Finance, Titan, IndusInd Bank, Tata Consumer Products, ITC, UPL, JSW Steel, NTPC, HDFC Life, Tech M, TCS, Maruti Suzuki and Infosys rose between 1 percent and 5.6 percent to emerge as the top gainers on the 50-stock index.
On the other hand, HUL, Coal India, ONGC, Asian Paints, Bharti Airtel, Britannia and Nestle India fell up to 0.8 percent.
The broader markets also advanced in line with the benchmarks, with the BSE MidCap and SmallCap indexes rising 0.66 percent and 0.56 percent respectively.
Among sectors, the Nifty Realty index rose 3 percent, followed by the Nifty Financial Services index (up 1 percent).