06:30
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Equity benchmarks climbed further, rising 1.5 percent led by banking & financials, technology, FMCG, capital goods and auto stocks after the Reserve Bank of India cut repo rate by 50 basis points.
The 30-share BSE Sensex surged 385.40 points to 26002.24 and the 50-share NSE Nifty rallied 113.90 points to 7909.60.
The market breadth turned positive as about 1244 shares have advanced against 1143 shares declined on the Bombay Stock Exchange.
Chanda Kochhar, MD of ICICI Bank said the large part of transmission of rate cut will happen soon.
Housing finance company HDFC spiked 4 percent followed by Maruti Suzuki with 3.5 percent upside.
Posted in: Indian Market Tips
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