The benchmark Bombay Stock Exchange (BSE) Sensex on Thursday surged 496.65 points or 1.82 per cent after the Reserve Bank of India (RBI) cut REPO rate by 25 basis points.
The banking stocks on the surprize move by the central bank.
All the sectors were trading in green. The rally was led by banking, auto, capital goods and oil and gas sectors.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,831.16 points, was trading at 27797.64 points (at 09.58 am) in the early session, up 450.82 points or 1.65 per cent from the previous day's close at 27,346.82 points.
The Sensex has touched a high of 27,947.59 points and a low of 27,703.70 points in the trade so far.
The S&P bankex surged by 624.53 points, auto index gained by 238.53 points, capital goods index moved up by 192.64 points and oil and gas index went up by 115.86 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 135.30 points or 1.63 per cent up at 8,4126.85 points.
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