RBI forecast, foreign portfolio investments flows push Sensex past 45,000

The Sensex on Friday closed above the 45,000-mark for the first time, while the Nifty50 logged a new high of 13,259. 

The benchmark indices gained for the fourth straight session and fifth straight week — the longest run of weekly gains since July. 

Friday’s gain of 1 per cent was after the RBI revised its gross domestic product target for the current fiscal year and kept rates unchanged despite high inflation. The central bank expects the economy to contract 7.5 per cent in FY21, against the earlier estimate of 9.5-per cent de-growth.

The Sensex closed at 45,079, with a gain of 447 points,