Nifty Realty index ends 2.97% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) UNITECH 4.95 4.15 0.80 19.28 PRESTIGE ESTATES 254.90 233.05 21.85 9.38 GODREJ PROPERT. 790.00 726.20 63.80 8.79 BRIGADE ENTERPR. 248.60 231.10 17.50 7.57 H D I L 22.20 20.70 1.50 7.25 Nifty sectoral gainers of the day BSE Sensex gainers and losers of the day Market at close The S&P BSE Sensex ended at 35,463, up 284 points while the broader Nifty50 index settled at 10,768, up 84 points. PSU banks extend gain; IDBI Bank, Canara Bank up over 4% Shares of public sector undertaking (PSU) banks were trading higher for the second day in a row, gaining nearly 4%, after the Monetary Policy Committee (MPC) in its second bi-monthly policy for 2018-19 voted unanimously for a hike in policy repo rate of 25 bps, while retaining its neutral stance. READ MORE Gold inches up as euro gains against dollar Gold prices inched up on Thursday as the euro rose to 2-week highs against the US dollar, with investors waiting for meetings of key central banks and the US-North Korea summit all due next week. Spot gold was up 0.1 per cent at $1,297.46 per ounce, while US gold futures for August delivery were largely unchanged at $1,301.50 per ounce. READ MORE
RBI's MONETARY POLICY
"We had previously expected the start of the rate hike cycle in 4Q18. However, reflecting this earlier than expected move, we now expect the rate hikes to be front-loaded. Specifically, we expect rate hikes in the August and October meetings but that the total quantum of rate hikes will remain at 75bps for this cycle," analysts at Morgan Stanley said in a note on Thursday.