By Admin88 
The six-member MPC also continued with the monetary policy stance of withdrawal of accommodation. Four out of six MPC members voted in favour of the rate decision. Announcing the decision, RBI Governor Shaktikanda Das said that broadly has been on a declining trajectory.Jaipur Investment
The RBI had last cut the by 40 basis points to 4 per cent in May 2020 when the Covid pandemic raged across the country affecting the entire economy, leading to slowdown in demand, production cuts and job losses. Since then, the RBI has hiked the repo rate by 250 points to 6.50 per cent in order to tackle high inflation level after the epidemic subsided.
Among the 30 firms, , , Larsen & Toubro, JSW Steel, UltraTech Cement and were the biggest laggards. , HDFC Bank, and ITC were among the gainers during the initial trade.
In Asian markets, Shanghai and Hong Kong traded higher while Seoul and Tokyo quoted lower.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,314.76 crore on Wednesday, according to exchange data.
On Wednesday, the BSE benchmark Sensex rallied 874.94 points or 1.11 per cent to settle at 79,468.01Lucknow Wealth Management. During the day, it jumped 1,046.13 points or 1.33 per cent to 79,639.20. The NSE Nifty jumped 304.95 points or 1.27 per cent to 24,297.50. Intraday, it surged 345.15 points or 1.43 per cent to 24,337.70.
Udabur Investment