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Sensex zooms 577.73 pts, Nifty spurts 196.75 pts after RBI policy decision

The Markets Also Cheered The Skymet Weather’s Projection Of A Normal Monsoon, Indicating Good Agriculture Output And Less Pressure On Prices.

News Nation Bureau | Edited By : Shashikant Sharma | Updated on: 05 Apr 2018, 04:38:29 PM
Sensex zooms 577.73 pts, Nifty spurts 196.75 pts after RBI policy decision

New Delhi:

The BSE benchmark Sensex zoomed 577 points to end at 33,597 on Thursday after the Reserve Bank of India’s kept repo rates unchanged.

The broad-based NSE Nifty went up by 196.75 points or 1.94 points to 10,325.15. All the price-sensitive stocks, including metal, realty and auto, ended in green with gains of over 2.26 per cent.

The markets also cheered the Skymet Weather’s projection of a normal monsoon, indicating good agriculture output and less pressure on prices.

Positive global cues as trade war worries between the US and China faded too bolstered trading sentiment.

Also Read | RBI announces monetary policy, keeps repo rates unchanged

The BSE Sensex started the day on a positive note at 33,289.96 and advanced to the day’s high of 33,637.46 before ending at 33,596.80, up 577.73 points, or 1.75 per cent.

This is its biggest single-day gain since March 12 when it had rallied 610.80 points. The gauge had lost 351.56 points in the previous session.

(With inputs from agencies)

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First Published : 05 Apr 2018, 04:37:56 PM