Sensex rallies over RBI's interest rate status quo

August 06, 2020 13:39

Tata Steel was the top gainer

Domestic equity benchmark Sensex rallied over 500 points in afternoon session on Thursday after the RBI maintained an accommodative stance to support the coronavirus-hit economy. The central bank opted for a status quo and left interest rates unchanged at the latest monetary policy meet.

In the afternoon, the BSE Sensex was trading 530.90 points or 1.41 per cent higher at 38,194.23 points while the NSE Nifty surged 124.90 points or 1.13 per cent to 11,226.55 points. Tata Steel was the top gainer in the 30-share Sensex pack, rising around 2 per cent, followed by HDFC Bank, Bajaj Finance, HCL Tech, Infosys, Kotak Bank, TCS and Reliance Industries. M&M, Maruti, Bajaj Auto and Bharti Airtel were among the laggards.

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