08.12.21 | RBI’s dovish stance sparks markets rally, stocks gain over 2%

Markets rose for the second consecutive session on Wednesday as fears of Omicron variant of Covid subsided while Reserve Bank of India’s dovish stance boosted investor confidence. The BSE Sensex ended at 58,649.68, up 1016.03 points or 1.76%. The Nifty was at 17,469.75, up 293.05 points or 1.71%. Realty, Metals, Auto, Telecom, IT and Bank indices rose the most. Bajaj Finance, Maruti, State Bank of India, Bajaj Finserv, and Asian Paints were top gainers in the Sensex. Only two stocks PowerGrid and Kotak Mahindra Bank were losers in the Sensex.