Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange ended over 0.5 per cent higher on Friday led by gains in market heavyweight Reliance Industries (RIL) and information technology (IT) stocks.
The S&P BSE Sensex rose 381.23 points (0.64 per cent) to end at 60,059.06 while the Nifty 50 climbed 104.85 points (0.59 per cent) to settle at 17,895.20. Both the indices had opened higher earlier in the day and traded in the positive territory throughout the day.
On the Sensex pack, RIL, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services (TCS) and Tata Steel were the top gainers of the day while Hindustan Unilever (HUL), NTPC, Kotak Mahindra Bank, Maruti Suzuki India, Dr. Reddy’s Laboratories and Titan Company were the top laggards.
Among sectors, the Nifty IT index surged 1.96 per cent led by MindTree, Coforge and Wipro.
Earlier in the day, RBI’s Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 per cent for the eighth consecutive time while maintaining an ‘accommodative stance’. The reverse repo rate too was kept unchanged at 3.35 per cent. Additionally, the Marginal Standing Facility (MSF) rate and bank rate were also kept unchanged at 4.25 per cent.
(with inputs from agencies)