Investors had a huge bullish sentiment on BSE Bharat 22 index after the Reserve Bank of India (RBI) monetary policy announcement. Oil, infrastructure and power stocks were major drivers of this index.
At around 1.56 pm, the index was trading at 2,763.91 up 0.51%. The index has touched an all-time high of 2794.23 in early trade.
L&T stock was the major driver of this index, trading at Rs1,145.15 per piece up nearly 2%.
L&T was joined by Engineers India, Gail India,
ITC, ONGC, NLC India, SBI, Axis Bank and
NHPC surging by near 1% each.
Furthermore, stocks like BEL, REC, PFC,
Power Grid and Indian Oil also contributed to the upside.
However, in the underperformers list, NBCC took lead trading at Rs28.25 per piece below 2%, followed by BPCL and Bank of Baroda down near 1% each.
Stat-owned stocks like
Coal India, NALCO and Indian Bank also plunged marginally.
RBI has kept the repo rate unchanged at 4% while maintaining an accommodative stance.