Mumbai, Apr 5 (PTI) The NSE Nifty logged strong gains of nearly 200 points today after the RBI maintained status quo in its monetary policy review.
Overseas, Asian and European stocks gained as concerns over trade tensions between the US and China ebbed.
Back home, the broader markets also participated in the rally, with the Nifty Midcap and Smallcap indices gaining 1.99 per cent and 2.29 percent, respectively.
The Nifty 50 index rose 196.75 points or 1.94 per cent to end at 10,325.15, its highest closing level since March 15, 2018, after moving in a range of 10,331.80 and 10,227.45.
It saw an intra-day movement of about 104.35 points.
Sector-wise, PSU Bank climbed 4.92 per cent, Metal 4.06 per cent, realty 2.62 per cent, Bank 2.61 per cent, Private Bank 2.59 per cent, Finance Service 2.41 per cent, Auto 1.86 per cent, Media 1.56 per cent, Infra 1.55 per cent, IT 1.53 per cent, Energy 1.34 per cent, Pharma 1.01 per cent and FMCG 0.86 per cent.
Major index gainers were Hindalco, Vedanta, SBI, Bajaj Finserv, Indiabulls Housing Finance, ICICI Bank, Grasim and Kotak Bank.
The losers were Cipla and Bharti Airtel.
The market breadth, indicating its overall health, was in favour of gainers. On the NSE, 1,523 stocks advanced, 286 declined and 71 remained unchanged.
Turnover in the cash segment eased to Rs 30,418.50 crore from Rs 32,857.80 crore as on Wednesday.
A total of 16,252.94 lakh shares changed hands in 97,55,809 trades.
This is published unedited from the PTI feed.