Sensex, Nifty end higher as RBI keeps rates steady
Sensex positive
Shares, boosted by state-owned banking stocks, ended higher for the fourth straight session on Thursday, as Reserve Bank of India (RBI) kept rates steady and left the door open for more monetary easing.
The broader NSE Nifty 50 index closed up 0.4 per centat 12,131.95 and the benchmark S&P BSESensexrose 0.4per centto 41,306.03.
The Reserve Bank of India kept key policy rates unchanged, as expected, as it sought to support faltering economic growth and avoid stoking already heightened inflation levels.
State-owned banks led gains as their main sub-index on the Nifty closed up 2.83 per cent.
The country's biggest lender State Bank of India advanced 3.23per centand Indusland Bank gained 4.57per cent.
Tata Motors emerged as the day's biggest laggard shedding 2.86 per cent.