Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Sensex surges 1,200 points as RBI hikes repo rate 50 bps on expected lines
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > Sensex surges 1,200 points as RBI hikes repo rate 50 bps on expected lines
Breaking

Sensex surges 1,200 points as RBI hikes repo rate 50 bps on expected lines

ANI
Last updated: September 30, 2022 3:34 pm
ANI
Published: September 30, 2022
Share
3 Min Read
SHARE

The Indian stock market’s benchmark Sensex surged by more than 1,200 points in the intra-day on Friday after the Reserve Bank of India (RBI) hiked the policy repo rate by 50 basis points, which was largely expected by the market.

The 30 stock S&P BSE Sensex was trading 1238.48 points or 2.20 per cent higher at 57,648.44 points at 2.20 pm against its previous day’s close at 56,409.96 points. The Sensex started the day in the red at 56,240.15 points and slumped to a low of 56,147.23 points in the early morning trade.

The markets witnessed a strong rally after the monetary policy announcement by the RBI.
On the expected lines the RBI’s Monetary Policy Committee decided to raise policy repo rate by 50 basis points or 0.50 per cent to 5.90 per cent.

The Monetary Policy Committee (MPC) met on 28th, 29th and 30th of September 2022. Based on an assessment of the macroeconomic situation and its outlook, the MPC decided by a majority of five members out of six to increase the policy repo rate by 50 basis points to 5.9 per cent, with immediate effect, RBI Governor Shaktikanta Das said while making the announcement about the MPC decisions.

Consequently, the standing deposit facility (SDF) rate stands adjusted to 5.65 per cent; and the marginal standing facility (MSF) rate and the Bank Rate to 6.15 per cent. The MPC also decided by a majority of 5 out of 6 members to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth, the governor said.

The broader Nifty 50 of the National Stock Exchange was trading 365.80 points or 2.18 per cent higher at 17,183.90 points.

The Nifty started the day in the red at 16,798.05 points and slumped to a low of 16,747.70 points in the morning trade.

The Nifty surged to a high of 17,187.10 points in the intra-day.

There was broad-based buying support. Only two of the 30 stocks that are part of the benchmark Sensex were trading in the red.

Bharti Airtel surged 4.76 per cent to Rs 801.85. IndusInd Bank soared 3.72 per cent to Rs 1185.65.

The index heavyweight Reliance Industries Limited was trading 2.95 per cent higher at Rs 2394. Tata Steel surged 2.74 per cent higher at Rs 99.50.

Titan, Bajaj Finserv, HDFC Bank, L&T, Bajaj Finance, HDFC, Kotak Bank and Maruti Suzuki were among the major Sensex gainers. (ANI)

IPL 2023: Gujarat Titans win toss, opt to field first against Kolkata Knight Riders
DGP, J&K greets people, all ranks of Police/Security forces on Gurupurab
Al Qaeda operative from West Bengal held in Ramban: Police
DC Kargil chairs meeting on AN-32 Kargil Courier Service
Fire Damages Residential House in Kupwara Village

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Supreme Court Collegium recommends transfer of 2 HC Chief Justices and 3 HC judges
Next Article Research and work done regarding cancers in Jammu & Kashmir
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

SANJY 2025: Ensure comprehensive safety measures: LG Sinha to officers
Top Stories
July 6, 2025
Pilgrimage surge: 6,979 AmarnathYatris travel in record 312 vehicles
Top Stories
July 6, 2025
LG, CM pay tribute to Imam Hussain (AS), martyrs of Karbala on Ashura
Top Stories
July 6, 2025
Demanding answers not anarchy, strengthens citizen-govt relation: Tarigami
Kashmir
July 6, 2025

Recent Posts

  • SANJY 2025: Ensure comprehensive safety measures: LG Sinha to officers
  • Pilgrimage surge: 6,979 AmarnathYatris travel in record 312 vehicles
  • LG, CM pay tribute to Imam Hussain (AS), martyrs of Karbala on Ashura
  • Demanding answers not anarchy, strengthens citizen-govt relation: Tarigami
  • Srinagar’s 37.4°C marks hottest July in over 70 years

Recent Comments

  1. Raja Mani Khan on Srinagar: People gather in big numbers to participate in Muharram procession
  2. Shah on Relief for Employees: J&K Bank Fixes EMI-Credit Mismatch, says JK Bank Chairman
  3. Latif khan on Why Kashmir needs Stronger Private Healthcare and Health Insurance
  4. Sameer farooq mir on Qazi Irfan assumes charge as RTO Kashmir
  5. Captain Vikrama on CM Omar Abdullah hails historic feat as three Kashmiri Girls crack IIT-JEE Advanced

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?