India’s benchmark equity indices closed at a six-month high on Wednesday ahead of the Monetary Policy Committee’s interest rate decision on Thursday. The S&P BSE Sensex crossed the 63,000-level to close 350 points up, or 0.56 per cent higher, at 63,142.96, while the NSE Nifty 50 gained 127 points, or 0.68 per cent, to end at 18,726.40. Broader markets continued to outperform with Nifty Mid Cap and Nifty Small Cap higher by 1 per cent and 1.4 per cent respectively. Nifty Realty (+1.6 per cent ), Nifty Metal (+1.5 per cent) and Nifty FMCG (+1.1 per cent) were the major gainers. Markets seem to have factored in the same, which boosted all major NSE and BSE indices.

Source: The Hindu June 07, 2023 15:55 UTC