Investors in profit of Rs 4 lakh crore, RBI brakes on 7 consecutive days of decline

After the big sell-off of the US stock market on the last trading day, there was a fear that the Indian market may also crash on Friday. However, on the contrary, the stock market returned green on Friday and brakes were put on a 7-day decline. Due to this boom, investors got a profit of Rs 4 lakh crore.

Sensex-Nifty condition: At the end of trading, the Sensex closed at the level of more than 57400 points with a gain of 1016 points or 1.80%. It had reached 57,722.63 points during trading. Nifty 50 saw a gain of 276 points or 1.64 percent and it closed at 17 thousand points.

4 lakh crore profit: Due to the boom, the market cap of BSE listed companies increased by about Rs 4 lakh crore. The market cap of BSE listed companies reached Rs 272.40 lakh crore. A day before this, the market capital was close to Rs 268 lakh crore.

RBI became Sahara: Actually, the Reserve Bank of India has announced monetary policy. Many such decisions have been taken in this which creates a confidence in the midst of a global recessionary environment. Analysts said the market is expecting the RBI to halt the hike in the repo rate in India. For information, let us tell you that the RBI has increased the repo rate by 0.50 percent and it has now increased to 5.90 percent, which is the highest level in three years.

Along with this, the forecast of economic growth for the current financial year 2022-23 has been reduced from 7.2 percent to seven percent. This step has been taken due to increasing tension at the global level and aggressive tightening of monetary policy in various countries of the world.