Zee Media Bureau
Mumbai: The benchmark BSE Sensex Wednesday gained nearly 248 points on buying in rate sensitive stocks led by the realty sector after the RBI kept interest rates unchanged in its monetary policy review.
After a positive opening, the Sensex spurted by 247.72 points to 20,860 after the Reserve Bank announced its mid-quarter policy.
Surprising the investors, the RBI kept key policy rate and the cash reserve ratio unchanged.
The Sensex had lost over 714 points in the last six trading sessions on expectations that the RBI might hike repo rate.
Similarly, the wide-based National Stock Exchange index Nifty rose by 78.10 points to 6,217.
The realty sector index gained the most, rising 3.51 percent, followed by capital goods index by 2.61 percent.
First Published: Wednesday, December 18, 2013, 13:07