Equities surge as RBI maintains key lending rates (Second Lead)

Mumbai Oct 4 (IANS) Key Indian equity indices surged to trade on a higher note on Wednesday after the country s central bank maintained its key lending rates prompted by rising inflationary pressure.

According to the Reserve Bank of India s fourth bi-monthly monetary policy review of 2017-18 the repurchase rate or the short-term lending rate for commercial banks on loans taken from it has been maintained at 6 per cent.

At 2.40 p.m. the wider Nifty50 of the National Stock Exchange (NSE) rose by 59.75 points or 0.61 per cent to trade at 9 919.25 points.

The 30-scrip Sensitive Index (Sensex) of the BSE which opened at 31 522.17 points traded at 31 728.40 points -- up 231.02 points or 0.73 per cent.

The Sensex has so far touched a high of 31 728.46 points and a low of 31 457.78 points during intra-day trade.

The BSE market breadth was bullish -- 1 469 advances and 1 095 declines.

--IANS
ppg/rn