Sensex rallies over 500 points to reclaim 60,200 level after RBI policy outcome

After reclaiming the 60,200 level, the 30-share Sensex was trading 524 points or 0.88 per cent higher at 60,201.83. Similarly, the Nifty rose 149.45 points or 0.84 per cent to 17,939.80.

Mumbai: Equity benchmark Sensex rallied over 500 points in morning trade on Friday, after the Reserve Bank maintained an accommodative stance and kept key interest rates unchanged in its bi-monthly monetary policy review.

After reclaiming the 60,200 level, the 30-share Sensex was trading 524 points or 0.88 per cent higher at 60,201.83. Similarly, the Nifty rose 149.45 points or 0.84 per cent to 17,939.80.

Tata Steel was the top gainer in the Sensex pack, rising over 2 per cent, followed by Infosys, TCS, Reliance Industries, HCL Tech and Bajaj Auto.