The stock market is getting brighter ahead of the Reserve Bank of India’s monetary policy review. In early trade, both the Sensex and the Nifty were trading at the green mark.
The Sensex gained 70 points to 54,550, while the Nifty gained 20 points to cross 16,300. Let me tell you that the stock market rose for the fourth day in a row on Thursday and the BSE Sensex closed at 123 points. 54,492.84 with strength Closed at a new record high.
The Sensex had touched a high of 54,717.24 points during the trade. At the National Stock Exchange, the Nifty rose 35.80 points, or 0.22 per cent, to a new record high of 16,294.60. During trading, it touched a high of 16,349.45. Due to higher earnings, Adani Transmission’s profit grew by about 22 per cent to Rs 433.24 crore in the April-June quarter of the current financial year. The company had posted a net profit of Rs 355.40 crore for the quarter ended June 30, 2020.