BSE, NSE show recovery after four days ahead of RBI’s policy statement
Mumbai: Ahead of RBI's fifth bi-monthly report today, the domestic benchmark indexes BSE and NSE showed sharp recovery after downslide for four days.
In the first few minutes, BSE surged 296.67 to reach 38,403.54 and NSE gained 86.3 points to touch 11,400.30 from the previous day's close.
All sectors showed appreciation led by the shares of banking and financial services, which pushed the markets upwards.
IndusInd Bank shares spiked, registering top gains in the Nifty Bank Index, a basket of major domestic banks. IndusInd Bank shares rose as much as 2.98% to reach Rs 1,292.95 on the BSE. At 10.07 am the IndusInd bank shares the NSE jumped 2.71% and touched Rs 1,289.50.
Other top performers in the morning trade were SBI, Yes Banks, RBL Bank.
Rising by 0.79% NSE Auto Index showed the highest gain among all the sector gauges of NSE.
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