Consistent buying by domestic institutional investors and encouraging services PMI data for June also boosted trading sentiment
Neutral stance by RBI allays fears of further tightening; experts say move warranted to stem outflows by foreign investors
The Sensex rose 262 points, or 0.8 per cent, to 34,925, while the Nifty 50 index rose 91 points, or 0.9 per cent to 10,605.
Barring BSE Consumer Durables, all other sectoral indices ended in the red
The broader Nifty ended 0.21% lower at 10,526.20, snapping its longest winning streak since late Jan 2015; HDFC Bank ended 0.8% lower, while Axis Bank ended 2.6% lower
On similar lines, the NSE Nifty gathered 20.35 points, or 0.19 per cent, to close at 10,548.70, after moving in the range of 10,560.45 and 10,495.65
The 30-share BSE Sensex rose 91.52 points to end at 34,192.65, while the broader NSE Nifty gained 22 points to 10,480.60
Showstopper BSE IT index gained 3.2 per cent on Thursday, the most since January 16
Monday's rally comes as a relief for the Indian markets, which faced heavy selling pressure since February
The BSE 30-share gauge hit a high of 33,354.93, before closing at 33,136.18, up 139.42 points
Benchmark indices gain 1.8%, most in 20 months
Over the last week, the flagship Sensex recorded a fall of 739.80 points or 2.17%
Saurabh Mukherjea, chief executive officer, Ambit Capital tells Puneet Wadhwa that he expects double-digit corporate earnings growth in FY19
The prediction for 2018 is thus high volatility in prices, a shift to large-cap stocks by all investors seeking safety, and a Sensex range of 30,000-40,000, depending on news flows.
Volatility in global markets roils Dalal Street
Nifty could fall to 9,500 levels say market pundits
Sensex drops below 35,000 after 1,150-point steepest two-day sell-off since November 2016
Sensex / Nifty could at best rise 5% to 10% in the whole of 2018
While the frontline indices have done well, the broader market saw losses in January
India among few countries, which does not tax long-term gains on equities and the stock gains also get a preferential treatment