Today Market: Nifty at 17,086, RBL crashes 18%

Benchmark indices closed positively today. They recovered from early hiccups to record gains on the first day of the final week od the calendar year. This week being a monthly and annual expiry week is considered to be a volatile week.

RBL bank recovered from early losses. The RBI’s statement about the lender’s financial health gave a breather to the investors. After this Nifty Bank Index did very well. Nifty IT also participated. Infosys became the 4th company to hit Rs. 8 trillion market cap. Tech Mahindra was the top gainer stock with 3.55% uptake and Hindalco was the top loser with 1.33% fall.

Nifty retained 17,000 level by closing at 17,086.30 points. It gained 82.50 points. Sensex closed at 57,420.24 points by gaining 295.93 points. Most of the world markets are closed today. However, the rising cases of Omicron virus have been raising concerns all over the world.