Sensex, Nifty rise 1% after central bank keeps rates steady
Sensex, Nifty rise 1% after central bank keeps rates steady
The NSE Nifty 50 index closed 0.92% higher at 14,819.05 and the S&P BSE Sensex rose 0.94% to 49,661.76.
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The Nifty bank index and the auto index rose 1.5% and 1.6%, respectively. (Photo: Reuters)
Indian shares and bonds rose on Wednesday after central bank kept interest rates at record lows to support the economy on the back of a record surge in COVID-19 cases, and announced a secondary market government security purchase programme.
The Reserve Bank of India (RBI) stuck to its accommodative monetary policy stance amid concerns that the resurgence in infections could derail the country s nascent economic recovery.
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