Sensex jumps 376 points, ends above 26,000 - A day after RBI cut the repo r- Navbharat Times Photodhamal

1/5

A day after RBI cut the repo rate by 50 basis points, the BSE benchmark Sensex jumped 376 points to close at 26,155.

In This Pic : Sensex jumps 376 points

Pic Courtesy : BCCL

2/5

The National Stock Exchange index Nifty climbed points 106 points to end at 7,949.

In This Pic : Sensex jumps 376 points

Pic Courtesy : BCCL

3/5

Indian shares tracked other Asian markets that were up between 1 and 3 percent. European stocks also edged higher in early trade.

In This Pic : Sensex jumps 376 points

Pic Courtesy : BCCL

4/5

The RBI cut its policy interest rate to a 4-1/2 year low of 6.75 percent on Tuesday, in a bigger-than-expected move and also allowed for steady increase in foreign investment limit in government securities.

In This Pic : Sensex jumps 376 points

Pic Courtesy : BCCL

5/5

The RBI's policy has achieved a twin objective of protecting the rupee through greater foreign investments in government securities and allowing domestic banks to lend more, Deven Choksey, managing director at KR Choksey Securities said.

In This Pic : Sensex jumps 376 points

Pic Courtesy : BCCL