On Thursday, Indian equities indices rose further as the Reserve Bank of India (RBI) maintained key interest rates steady to encourage economic growth. The monetary policy committee (MPC) of the central bank kept the lending rate, or repo rate, at 4 percent and the reverse repo rate, or key borrowing rate, at 3.35 percent.
The 30-share BSE index rose 460 points, or 0.79 percent, to 58,926, while the broader NSE Nifty index rose 142 points, or 0.81 percent, to 17,606. In three straight trading sessions, both indexes have gained more than 2 percent.
Mid- and small-cap stocks ended the day higher, with the Nifty Midcap 100 index up 0.29 percent and small-cap stocks up 0.47 percent. The National Stock Exchange's 15 sector indices all finished the day in the green. The Nifty Metal index outpaced the index by 1.24 percent.
ONGC was the top gainer on the Nifty, rising 3.63 percent to 169.90. Among the gainers were Tata Steel, Infosys, SBI Life, and HDFC Bank. Maruti Suzuki India, Indian Oil Corporation, Shree Cement, UltraTech Cements, and Adani Ports, on the other hand, were among the losers.
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