Besides, the NSE Nifty recaptured the 7,800-mark by rising 47.60 points or 0.61 percent to close at 7,843.30.

Shares of metal, healthcare, oil & gas and consumer durables, however, ended on the losing side.
    
In a big boost to the economy and borrowers, Reserve Bank today announced a 0.5 percent cut in repo rates to 6.75 percent.
    
The apex bank also hiked limits for FPI investment in government securities to 5 percent of the outstanding stock by March 2018, a move that will bring in an additional Rs 1.2 lakh crore in G-sec.
    
The uptick was tempered by RBI's pessimistic stance on economy as it revised its real GDP forecast for 2015-16 to 7.4 percent from earlier expectation of 7.6 percent.
    
The BSE Sensex after taking off on a negative note slipped further to a low of 25,287.33. However, it rebounded on RBI's announcement and regained the 26,000-mark to hit a high of 26,054.37. Profit-booking towards the fag-end pulled the index down from day's high and it settle 161.82 points or 0.63 percent higher at 25,778.66.
    
Out of the 30-share Sensex pack, 14 stocks ended higher. Prominent gainers from the index included HDFC, Maruti Suzuki, M&M, Coal India, L&T, HDFC Bank, Tata Motors, Infosys, BHEL, SBI, RIL, ONGC, ITC and ICICI Bank.
    
Sectorwise, BSE realty index gained the most by surging 1.99 percent, followed by banking 0.90 percent, auto 0.76 percent, capital goods 0.65 percent, power 0.52 percent, IT 0.38 percent and PSU 0.31 percent.

 

Latest News  from Business News Desk