As the stock market ended on a positive note, the Sensex gained 110.58 points

Stock market: Amid mixed trends globally, the domestic stock market closed with gains on Wednesday, December 4, 2024. A three-day meeting of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) begins today to decide interest rates. RBI Governor Shaktikanta Das will announce repo rate, economic growth rate and inflation rate estimate on December 6. The stock market expects reduction in inflation rate and increase in economic growth rate from RBI. Along with this, the market also expects interest rates to come down. At the close of trade, the Mumbai Stock Exchange (BSE) Sensex gained 110.58 points or 0.14% to close at 80,956.33 points. Along with this, the National Stock Exchange (NSE) Nifty was up 10.30 points or 0.04% at 24,467.45 points. HDFC Bank on gains At the close of trade, out of 30 stocks listed on the BSE Sensex, 14 stocks ended with gains while 16 stocks declined. Shares of HDFC Bank rose 1.82% to Rs 1860.05 on BSE. Out of 2877 stocks of NSE, 1699 stocks advanced and 1103 stocks declined while 75 stocks remained unchanged. HDFC Life Insurance rose 2.52% to close at Rs 650 on the NSE. Also Read: Shaktikanta Das to announce whether RBI will cut interest rates or keep them unchanged on December 6 Speaking of other markets in Asia, Japan's Nikkei 225 ended with gains. At the same time, declines were reported in South Korea's Kospi, Hong Kong's Hong Kong and China's Shanghai Composite. US markets ended higher on Tuesday. There is a mixed trend in European markets. In the global oil market, Brent crude oil is trading at $74.12 per barrel with a gain of 0.63%. Also Read: Kerala Pooja Bumper Lottery: Kollam's Jayakumar gets lucky, wins Rs 12 crore The post Stock market ends with gains, Sensex rises 110.58 points appeared first on Prabhat Khabar.