Sensex up 412-pts, Nifty above 17750: RBI key rate focus
Sensex up 412-pts, Nifty above 17750: RBI key rate focus
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After the Reserve Bank of India (RBI) left key rates at historic lows, Indian equities indices ended the week higher, snapping a three-day losing streak. The monetary policy committee (MPC) of the Reserve Bank kept the lending rate, or repo rate, at 4 percent. The reverse repo rate was kept at 3.35 percent.

The 30-share BSE Sensex rose 412 points, or 0.70 percent, to 59,447, while the wider NSE Nifty advanced 145 points, or 0.82 percent, to 17,784. Mid- and small-cap stocks ended the day on a high note, with the Nifty Midcap 100 index rising 0.98 percent and small-cap stocks rising 0.39 percent.

The National Stock Exchange's 15 sector gauges closed the day with 14 of them in the green. Nifty FMCG and Nifty Metal both beat the index, climbing 2.03 percent and 2.07 percent, respectively, to surpass the index.

Grasim Industries was the top Nifty gainer, jumping 6.09 percent to 1,784.45. Among the winners were ITC, SBI Life, JSW Steel, and Adani Ports.

On the BSE, the overall market breadth was robust, with 2,289 shares rising and 1,094 falling. ITC, Dr Reddy's, M&M, Titan, Reliance Industries, and Tata Steel were among the top gainers on the 30-share BSE index. Tech Mahindra, NTPC, Maruti, HCL Tech, Sun Pharma, and the HDFC Housing and HDFC Bank on the other hand, all ended up in the red.

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