New Delhi: The key Indian equity benchmarks, Sensex and Nifty, on Thursday extended gains after surge the Reserve Bank of India (RBI) kept policy rates unchanged to support economic growth.
This was the 10th straight policy when the repo rate was left unchanged at 4 per cent and the reverse repo rate at 3.35 per cent.
The 30-share BSE platform surged 460 points to end at 58,926, while the broader NSE Nifty moved 142 points to close at 17,606. Both the indexes have rallied more than 2 per cent in three straight trading sessions.
Of the 15 sector gauges, 13 sector gauges, compiled by the NSE, settled in the green. Nifty Metal outperformed the index by rising as much as 1.24 per cent.
ALSO READ | RBI Projects GDP Growth At 7.8% And CPI Inflation At 4.5% For FY22-23
Tata Steel, Infosys, HDFC Bank, HDFC, Kotak Bank, M&M, Power Grid, and NTPC were the top Sensex gainers on Thursday, up between 1 and 2 per cent.
On the flip side, Maruti Suzuki, Ultratech Cement, Nestle India, RIL, and Titan Company ended in the negative zone, down up to 1.7 per cent.
The broader indices, however, underperformed the frontline indices where the BSE Midcap and Smallcap indices closed 0.3 per cent and 0.04 per cent higher, respectively.
Elsewhere in Asia, bourses in Seoul and Tokyo were trading with gains in mid-session deals, while Hong Kong and Shanghai were in the red.
Stock exchanges in the US closed in the positive territory in the overnight session.
Meanwhile, international oil benchmark Brent crude slipped 0.17 per cent to $91.39 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 892.64 crore on Wednesday, according to stock exchange data.
The rupee declined by 10 paise to close at 74.94 (provisional) against the US dollar on Thursday.
At the interbank foreign exchange, the rupee opened at 74.90 against the American dollar, and later witnessed an intra-day high of 74.88 and a low of 75.05 against the greenback.