Sensex Crosses 45,000 Mark After RBI Raises GDP Projection

By: Shree1news, 04 DEC 2020

Domestic stock markets surged to record highs on Friday, after the Reserve Bank of India left key lending rates unchanged as anticipated however raised its forecast for the country’s GDP. The S&P BSE Sensex index jumped 515.63 points, or 1.16 per cent, to touch an all-time excessive of 45,148.28, and the broader NSE Nifty 50 benchmark surged to a record 13,280.05, gaining 146.15 points, or 1.11 per cent, from its previous close. A surge in world shares on optimism around the development of COVID-19 vaccines and world economic restoration also boosted investor sentiment.