The central bank kept repo rate and reverse repo rate unchanged at 6% and 5.75%, respectively. Adani Ports, Cipla, Reliance Industries, Bajaj Finance, Sun Pharma were the other prominent gainers in the Nifty.
Equities were also buoyed by favourable global trends after the USA indicated it was open to negotiations in its trade dispute with China, easing fears of a full-blown trade war.
Evil Returns as Ousted Trump Cabinet Member
As for his future presidential run, he said he's found the ideal running mate - a "man more hated right now than Donald Trump ". However, he said that deporting DREAMers wasn't his idea because even he "has limits". "I wanted Alec Baldwin to pay for it".
According to the RBI, the decision of the MPC is consistent with the neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth. The trend continued when the market opened today and bank stocks kept moving higher and higher as the session progressed. The BSE Mid-Cap and Small-Cap indices were dwon 0.92 per cent and 1.01 per cent, faring better than the Sensex. As of 10:16 am, the Sensex was up 6 points or 0.02 per cent at 33,603.99 while the Nifty was down 1.85 points at 10,323. Meanwhile, the Nifty was trading higher by 189.80 points or 1.87% at 10,318.20 with 46 components gaining.
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.25 percent. Intra-day, it shuttled between 10,290.85 and 10,350.45.
Boeing lands $12 billion deal from American Airlines
American Airlines has chosen Boeing 787s to replace older aircraft as it doubles its Dreamliner fleet. For further background, check out Boeing's news release and Bloomberg News' analysis .
The gauge had soared nearly 578 points in the previous session after the RBI kept the policy rate unchanged but said growth will rebound this fiscal amid softening inflation. The German DAX dropped 0.4 percent and France's CAC 40 index slid 0.2 percent while the U.K.'s FTSE 100 inched up 0.1 percent. The rebound on Wall Street came as traders shook off trade war concerns that had weighed on the markets at the outset.
The nervousness was seen on other bourses with European markets trading in the negative zone in early deals.
Everton vs Liverpool, Premier League preview
Can the Blues stun the Reds like Swansea did post-City? Eliaquim Mangala and Gylfi Sigurdsson won't be featuring for Everton . And so Everton , without a derby win since 2010, will fancy their chances of breaking the embarrassing hoodoo this weekend.