Sensex, Nifty Jump On Reserve Bank Of India's Covid Relief Measures
NDTV
Mid- and small-cap shares witnessed buying interest as Nifty Midcap 100 index rose 1 per cent and Nifty Smallcap 100 index advanced 0.45 per cent.
The Indian equity benchmarks advanced on Wednesday after closing at their lowest in more than a week in the previous session after the Reserve Bank of India announced relief measures which involved provision of term liquidity facility of Rs 50,000 crore on priority basis for healthcare sector and loan moratorium for individual borrowers and small businesses. The Sensex rose as much as 489 points to hit an intraday high of 48,743 and Nifty 50 index touched an intraday high of 14,632.45. The Sensex ended 424 points or 0.88 per cent higher at 48,677.55 and Nifty 50 index climbed 121 points or 0.84 per cent to settle at 14,617.75. Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank has asked lenders to provide fresh moratorium to certain small borrowers, which will be available to individuals and small and medium enterprises that did not avail any restructuring in 2020. Amid spurt in coronavirus cases, RBI also announced an on-tap liquidity window of Rs 50,000 crore for companies engaged in healthcare infrastructure and services.More Related News