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Markets reacted positively to the bi-monthly monetary policy statement of the RBI on Wednesday.
The Sensex rose 174.33 points and the Nifty was up 55.40 points.
BSE Bankex closed at 27,126.98 points, up 44.98 points. .
While the shares of major private sector banks such as HDFC Bank, Axis Bank and ICICI Bank remained in the negative category fell, those of public sector lenders Punjab National Bank, Bank of Baroda and State Bank of India recorded gains.
The State Bank of India scrip closed at ₹253.35, up 0.82 per cent.
The PNB and BoB stocks rose 0.39 per cent and 0.22 per cent, respectively.
ICICI Bank and HDFC Bank shares closed at ₹276 and ₹1,796.80, down by 0.88 per cent and 0.66 per cent, respectively. Axis Bank’s stock closed at ₹505.30, down 0.63 per cent.
Rupee surgesRupee appreciated by 45 paise on Wednesday. The rupee, which opened at 65.33 to a dollar, ended at 65.05. It had closed at 65.50 on Tuesday.
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