Asian stock markets were up with gains on Thursday morning, with Nikkei 225 and TOPIX having zoomed 2% each.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets opened with gains on Thursday morning. S&P BSE Sensex started trading above 48,800 but soon trimmed some opening gains, while Nifty 50 was still below 14,700. ONGC, Bajaj Finance, and Bajaj Auto were the top index gainers on opening. Bank stocks were down in the red, pulling the index lower. Bank Nifty was trading with losses while broader markets were up in the green. India VIX continued to climb down.
The Reserve Bank of India has come out to support small borrowers and the healthcare sector amid the second wave of the coronavirus pandemic. Yesterday, RBI Governor Shaktikanta Das announced that lenders will be allowed to restructure borrowing by small borrowers, who did not avail of the restructuring lifeline last year. Further, RBI said it will make liquidity of Rs 50,000 crore available for banks for enabling them to extend Covid loans to healthcare entities. Under this scheme, banks can provide fresh lending support to vaccine manufacturers, hospitals and also patients for treatment, among others. Post the RBI Governor’s announcements on Wednesday, financial and pharma sector stocks were among the top gainers.