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Indian shares ended off their day’s highs on Friday despite positive global cues and better-than-expected December quarter results from State Bank of India. <\/p>\n
Earlier today, the Reserve Bank of India (RBI) left its key interest rates unchanged, as expected, at the first policy-setting meeting of the year.<\/p>\n
The central bank projected GDP growth of 10.5 percent in FY22, while projection for CPI-based inflation has been revised to 5.2 percent for Q4FY21. <\/p>\n
The key takeways include normalization of CRR in two-phases, reduction in SLR requirement and deferment of implementation of 0.625 percent of capital conservation buffer.<\/p>\n
Meanwhile, in a big initiative which will broader the investor base, RBI governor Shaktikanta Das announced direct online participation by retail investors in government securities in both primary and secondary market.<\/p>\n
Key benchmark indexes ended higher for the fifth straight session after hitting record highs in early trade.<\/p>\n
The S&P BSE Sensex surpassed the 51,000-mark for the first time before giving up some gains to end the session up 117.34 points, or 0.23 percent, at 50,731.63.<\/p>\n
The broader NSE Nifty index briefly traded above the 15,000 mark before settling at 14,924.25, up 28.60 points, or 0.19 percent from its previous close. <\/p>\n
Both the indexes jumped around 9.5 percent for the week – marking their best weekly advance since April last year.<\/p>\n
SBI soared 11.3 percent on brokerage upgrades while Dr Reddy’s Laboratories, Kotak Mahindra Bank, Divis Laboratories and Tata Steel climbed 3-5 percent.<\/p>\n
On the flip side, Maruti Suzuki, UPL, Tata Motors, Bharti Airtel and Axis Bank dropped 2-3 percent. <\/p>\n<\/p>\n<\/div>\n