At 10.57am, BSE Sensex rose 1.30%, or 442.30 points, to 34,525.01, while Nifty 50 gained 1.18%, or 123.20 points to 10,599.90. Photo: Abhijit Bhatlekar/MintMumbai: Indian markets surged over 1% in early trade on Thursday amid mixed Asian markets, after Reserve Bank of India (RBI) kept interest rates unchangedAt 10.57am, the 30-share Sensex index rose 1.30%, or 442.30 points, to 34,525.01, while Nifty 50-share index gained 1.18%, or 123.20 points to 10,599.90. Software exporter Infosys Ltd contributed the most to the gains for Sensex with a 3.12% rise. “Overall, the policy is supportive of growth with inflation trajectory expected to taper off over the second half providing a stable environment for growth. Further policy action will be based on inflation and growth trajectory over the next few months,” said Shanti Ekambaram, president – consumer banking, Kotak Mahindra Bank.

Source: Mint February 08, 2018 05:26 UTC