INSUBCONTINENT EXCLUSIVE:
The SP BSE Sensex, on Wednesday, ended at
35,178.88, with a gain of 275.67 points or 0.79 per cent while the broader Nifty 50 closed at 10,684.65, 91.50 points or 0.86 per cent
Sensex surged as much as 327.33 points through the day after the Reserve Bank of India (RBI) announced a hike in repo or key lending rate to
6.25 per cent but maintained a neutral stance in the June policy review
Bharti Airtel (up 4.45 per cent), Tata Motors (up 3.56 per cent), Sun Pharma (up 3.05 per cent), State Bank of India (up 2.39 per cent), and
Coal India (up 2.19 per cent) were the major gainers in the 30-share Sensex pack
IDFC Bank gained 7.04 per cent followed by SBI and Punjab National Bank (up 2.24 per cent).Ten out of 34 sugar stocks advanced as there were
reports that the cabinet approved a bailout package worth Rs 8,500 crore for the sector."The markets will probably take solace in the fact
that the central bank continues to maintain a neutral stance and has not moved towards a removal of accommodation stance," said Dheeraj
