Sensex rises after RBI keeps rates steady

June 07, 2016 15:19

Markets extended gains in late noon trades with select banks leading the gains, amid firm global cues, after the RBI kept key policy rates unchanged but maintained an 'accomodative' stance going forward.

At 2:35pm, the S&P BSE Sensex was up 234 points at 27,012 and the Nifty50 was up 70 points at 8,271 after hitting an intra-day high of 8,252. In the broader markets, the BSE Midcap and Smallcap indices were up 0.5%-1% each. Market breadth was positive with 1451 gainers and 1016 losers on the BSE.

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