Sensex gains 362 points after RBI keeps rate unchanged

Equity benchmark indices surged nearly 1 per cent on Thursday after the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 per cent.

The BSE S-P Sensex closed 362 points or 0.96 per cent higher at 38,025 while the Nifty 50 gained by 99 points or 0.89 per cent at 11,200.

Except for Nifty PSU bank, all sectoral indices at the National Stock Exchange were in the green with Nifty IT gaining by 1.8 per cent, FMCG by 1.4 per cent and pharma by 1.2 per cent.