Markets Bounce Back Post RBI Policy Decision

Mumbai: Equity benchmark indices recovered early lost ground and were trading in the positive territory in Thursday mid morning trade after RBI kept the repo rate unchanged at 6.5 per cent even as inflation is trending above its tolerance level.

Bouncing back from early fall, the 30-share BSE Sensex climbed 176.91 points to 59,866.22 after the RBI policy announcement. The broader NSE Nifty also gained 44.2 points to 17,601.25 after falling in initial trade.

In early trade, the Sensex had fallen 165.16 points to 59,524.15 while the NSE Nifty had declined 45.5 points to 17,511.55.