Sensex cheers swift appointment of Das

Major gainers in the Sensex pack were Hero Motocorp, which rallied 7.01 per cent, followed by Bharti Airtel (6.69 per cent), Yes Bank (5.30 per cent), Adani Ports (4.90 per cent), Tata Steel (3.75 per cent) and Bajaj Auto (3.70 per cent). Analysts said the quick appointment of the new RBI governor and expectations of more steps to ease the liquidity situation bolstered trading sentiment. Former economic affairs secretary Shaktikanta Das Wednesday assumed charge as the 25th governor the RBI. He replaces Urjit Patel, who abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank. On the appointment, SBI Chairman Rajnish Kumar said, 'This will ensure continuity in monetary policy making and regulatory measures even as the global economy is passing through uncertain times. The financial markets will also significantly benefit from the appointment of newly appointed Governor given his rich prior experience in fiscal policies and trade. This will also ensure a convergence of domestic and external policies.' Meanwhile, foreign funds sold shares worth Rs 2,421.06 crore on a net basis on Tuesday, while domestic institutional investors bought equities worth Rs 2,255.68 crore, data showed. ... Dailyhunthttps://itsmyurls.com/feroozshaan

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