Sensex extends rally, surges 284 points on closing

The BSE Sensex soared over 284 points to close the day at 35,463.08 on Thursday evening as the post-RBI policy rally continued for the second day.

Continiued uptrend in buying in realty, metal, banking, auto and infrastructure stocks pushed the key indices. Short-covering by speculators and sustained buying by domestic institutional investors (DIIs) also added to the momentum, brokers said.

In the morning trade, the 30-share BSE Sensex opened on a strong footing at 35,278.38 and maintained its upward trend to hit the day's high of 35,628.49. It finally ended at 35,463.08, up 284.20 points, or 0.81 per cent.

The broader Nifty finished the day at 10,768.35, showing a gain of 83.70 points, or 0.78 per cent, after shuttling between 10,818.00 and 10,722.60.

On Wednesday too, markets showed positive trend after the RBI hiked the policy rate after a four-year pause on inflation concerns but maintained its neutral stance.

Meanwhile, DIIs net bought shares worth Rs 712.31 crore, while foreign funds sold shares to the tune of Rs 81.40 crore yesterday, according to provisional data.

(With inputs from agencies)