Market indices extend gains post RBI policy

<p>Mumbai (Maharashtra) [India], June 7 (ANI): Market indices extended gains from the previous closing on account of the Reserve Bank of India (RBI) monetary policy statement released on Wednesday.</p><p>BSE's Sensex traded 319.18 points higher at 35,498.06, while Nifty inched closer to the 10,800 mark, trading at 10,780.50 at the time of filing this report.</p><p>Around 1710 shares advanced, 463 shares declined, and 98 shares remained unchanged, according to moneycontrol.</p><p>Among top gainers are Axis Bank, Tata Steel and Vedanta, while Airtel, Tech Mahindra and Titan incurred significant losses.</p><p>Meanwhile, the Indian Rupee dipped from its opening figure of Rs.66.93 to Rs. 67.09 against one US dollar.</p><p>On Wednesday, the RBI hiked the repo rate and reverse repo rate to 6.25 percent and 6 percent respectively.</p><p>Maintaining a neutral stance, the central bank's six-member Monetary Policy Committee (MPC), in its statement reiterated its commitment to achieving the medium-term target for headline inflation of four percent on a durable basis.</p><p>"GDP growth is projected in the range of 7.5-7.6 percent in H1 and 7.3-7.4 percent in H2, with risks evenly balanced," the statement read. (ANI)</p><br/><center><em><p>This story has not been edited. It has been published as provided by ANI</p></em></center>

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