After the Reserve Bank of India maintained its benchmark lending rate steady and stated that it will maintain its accommodative posture, the equity benchmark Sensex gathered momentum and jumped over 512 points in morning session on Thursday.

After starting the day on a high note, the BSE index rose to 58,978.55 points, a gain of 512.58 points or 0.88 percent, following the RBI MPC decision. Similarly, the Nifty rose 150.20 points, or 0.86 percent, to 17,614 at mid-session deal.

Immediately after the RBI outcome, PowerGrid, HDFC Bank, Kotak Bank, Tata Steel, Infosys, SBI, and Axis Bank were the biggest gainers in the Sensex pack, gaining almost 2 percent. Maruti, Bharti Airtel, and Asian Paints, on the other side, were among the losers.

The Reserve Bank of India (RBI) left the benchmark interest rate at 4 percent on Thursday, indicating that it will maintain its accommodative posture in the face of rising inflation.

The Monetary Policy Committee (MPC), led by RBI Governor Shaktikanta Das, has kept the status quo for the tenth time in a row.For the current fiscal year, the RBI has kept its growth forecast at 9.2 percent and inflation at 5.3 percent.

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