Sensex ends 275.67pts higher post RBI policy

<p>Mumbai (Maharashtra) [India], June 6 (ANI): Market indices on Wednesday ended significantly higher owing to favourable outcome from the Reserve Bank of India (RBI) monetary policy.</p><p>BSE's Sensex ended 275.67 points higher at 35,178.88, while Nifty traded at 10,684.65.</p><p>While Airtel, Tata Motors, and Titan were top gainers, HDFC Bank, Asian Paints and Tech Mahindra incurred losses due to trade under pressure.</p><p>Earlier, the Reserve Bank announced a hike in the repo rate and reverse repo rate at 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 4 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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