BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
The Sensex ended up 244 points at 28,504 on strong global cues.
Markets in green tracking firm global cues.
'The current impasse might be an occasion for Jayalalithaa's legal team to mull over what could have gone wrong with their strategy -- and where they could and should proceed from here,' says N Sathiya Moorthy.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
By removing Avinash Chander last week, the government has chosen to sacrifice the organisation's most potent symbol of success
It is regrettable that the IB has tried to devalue the expertise available both within the concerned ministry and in the scientific community by its allegations. Governments and NGOs in many western nations have not been accused of being 'anti-national' when they put their foot down on questionable practices by cash rich agri-business companies, says Rashme Sehgal.
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