A morning walk down Dalal Street | RBI may consider rate cut to give impetus to economic activities
Episode 1271, Jun 04, 2019, 01:30 AM
The S&P BSE Sensex and Nifty50 touched fresh record highs on Monday to end at fresh record closing highs.
The S&P BSE Sensex closed above 40,000 for the first time while the Nifty50 closed above 12,000 for the first time in history.
All sectoral indices witnessed healthy buying with auto, consumer durables, energy and metals being the top gainers, up 1.8-1.9 percent. The broader market indices BSE Midcap and Smallcap too ended with healthy gains of 0.9 percent and 0.5 percent, respectively.
The hope of rate cut and liquidity measures from RBI, strong rally in auto shares despite weak sales in May, fall in oil prices and US bond yields, and stronger rupee lifted market sentiment.
Investor wealth June 3 rose by Rs 1.76 lakh crore as the BSE Sensex rallied 553 points to close at an all-time high level.