In line with the trend, the NSE Nifty topped 7,900.
Yesterday, RBI Governor Raghuram Rajan caught many off-guard by cutting the policy rate by 50 bps to 6.75 percent, a four-and-a-half-year low, in a bigger-than-expected move to help spur economic growth.

The 30-share index barometer stayed in the green throughout and ended at 26,154.83, up 376.17 points, or 1.46 percent -- its biggest single-day percentage gain since September 9.
The index has added 538 points over the past two days. The broader NSE Nifty soared 105.60 points, or 1.35 percent, to close the day at 7,948.90.
Major Asian indices closed firm tracking the overnight gains on Wall Street, which had a positive impact on Europe where shares ruled strong in their early trade.
The day belonged to Bharti Airtel, BHEL, GAIL, Coal India, HUL and Infosys, who gained big time.

In contrast, banking stocks SBI and Axis Bank, which rose yesterday, lost some ground today. Of the 30-share Sensex team, 24 won.
Among sectoral indices, metal zoomed 3.36 percent, with Tata Steel and Hindalco walking away with substantial gains by rising up to 5.24 percent. FMCG too rose followed by infra, technology, realty and power.
Broader markets such as the BSE mid-cap and small-cap rose 1.71 percent and 1.07 percent, respectively.
Globally, Asian markets closed in the positive terrain and European indices followed suit in their early deals.


Latest News  from Business News Desk