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Sensex Climbs More Than 800 Points In 2 Days: 10 Things To Know
12 Dec 2018, 03:45 PM IST 
Top gainers on the 50-scrip Nifty index included Hero MotoCorp, Yes Bank and Indiabulls Housing Finance
- Top gainers on the 50-scrip Nifty index included Hero MotoCorp, Yes Bank, Indiabulls Housing Finance and Bharti Airtel, closing between 4.9 per cent and 7.2 per cent higher.
- With an advance-decline ration of 4.5:1, market breadth supported the sharp upmove. On the NSE, 1,418 stocks closed higher while 317 fell.
- All sectors finished the day with gains, with the Nifty Bank, Auto and Metal indices rising 1.8 per cent, 3.6 per cent and 2.5 per cent respectively.
- The Sensex and Nifty took advances in two consecutive sessions to 2.3 per cent and 2.4 per cent respectively.
- The appointment of former finance ministry official Shaktikanta Das on Tuesday as the new RBI governor came just a day after Urjit Patel resigned from the post following clashes with the government.
- Analysts say the quick replacement of the RBI chief by the Centre eased some of investors' concerns.
- “Appointment of new RBI governor and hopes of easing of liquidity crisis sent a positive signal to the markets,” AK Prabhakar, head of research, IDBI Capital Markets, told NDTV.
- The government is due to release consumer inflation data for the month of November at 5:30 pm.
- "We believe that there is unlikely to be a major change in the monetary policy path with the appointment of the new Governor as the structure of the Monetary Policy Committee remains broadly unchanged," news agency Reuters quoted HDFC Bank economists as saying in a note.
- Traders and analysts broadly expect the monetary policy stance of the central bank to gradually shift towards neutral as inflation readings have been subdued in recent months.
(With agency inputs)