Sensex & Nifty Close Higher After RBI Rate Cut

Benchmark domestic equity indices, the Sensex and the Nifty, closed over half a per cent higher today. The indices opened on a negative note, but rebounded after the Reserve Bank of India announced a rate cut, and traded with gains for most of the intraday session. The Sensex surged 447 points, to close at 85 thousand 712, while the Nifty added 153 points, to settle at 26 thousand and 186. The broader market indices at the Bombay Stock Exchange closed mixed. The Mid-Cap index advanced 0.2 per cent, while the Small-Cap index declined almost 0.7 per cent.