Top Stock Recommendations: Dharmesh Shah of ICICI Securities recommends buying RIL and LIC Housing Finance tomorrow
Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50 ended Friday's session on a flat note after the Reserve Bank of India (RBI) decided to keep the repo rate at 6.5% for the seventh consecutive policy meeting. The domestic equity market saw its third straight week of gains, mostly driven by financials.
The Midcap index rose 4%, which is the biggest weekly rise in the last seven months. The Small cap index surged 7%.
According to analysts, the Nifty Bank witnessed a noteworthy surge of more than 2%, marking its largest weekly advance in the past four months. On Friday's session, the Sensex witnessed modest gains and touched a fresh lifetime high of 74,248 following the RBI MPC announcement.
Meanwhile, despite ending on a flat note, the Nifty 50 ended the week on a higher note and also claimed a new record high. Also Read: Stock market today: Sensex, Nifty 50 end flat after RBI policy decision; geopolitical tensions, crude oil prices weigh S&P BSE Sensex and Nifty 50 both saw weekly gains of around 0.8%.
The Nifty 50 ended Friday's session at 22,513.70, down 0.95 points or 0%, while the 30-share BSE Sensex closed higher by 20.59 points or 0.03% at 74,248.22 level. "Exciting news! Mint is now on WhatsApp Channels
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