<p class="title rtejustify">The BSE Sensex surged almost 276 points to end above the key 35,000-mark today even as the RBI hiked the policy rate by 0.25 percent on inflation concerns.</p>.<p class="bodytext rtejustify">However, the RBI retained the GDP growth forecast for 2018-19 at 7.4 percent on hopes of further boost to investments and higher consumption.</p>.<p class="bodytext rtejustify">The central bank hiked the benchmark lending rate for the first time in four-and-half-years on inflation concerns arising from a surge in international oil prices.</p>.<p class="bodytext rtejustify">The repo rate now stands at 6.25 percent.</p>.<p class="bodytext rtejustify">The BSE Sensex, which opened strong at 34,932.49, fell after RBI's policy announcement but soon recovered to touch the day's high of 35,230.54.</p>.<p class="bodytext rtejustify">It finally ended at 35,178.88, up 275.67 points, or 0.79 percent.</p>.<p class="bodytext rtejustify">The gauge had lost 419.17 points in the previous three sessions.</p>.<p class="bodytext rtejustify">On similar lines, the NSE Nifty, after shuttling between 10,698.35 and 10,587.50, finished the session 91.50 points, or 0.86 percent higher at 10,684.65.</p>.<p class="bodytext rtejustify">Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 474.33 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 157.51 crore yesterday, as per provisional data.</p>
<p class="title rtejustify">The BSE Sensex surged almost 276 points to end above the key 35,000-mark today even as the RBI hiked the policy rate by 0.25 percent on inflation concerns.</p>.<p class="bodytext rtejustify">However, the RBI retained the GDP growth forecast for 2018-19 at 7.4 percent on hopes of further boost to investments and higher consumption.</p>.<p class="bodytext rtejustify">The central bank hiked the benchmark lending rate for the first time in four-and-half-years on inflation concerns arising from a surge in international oil prices.</p>.<p class="bodytext rtejustify">The repo rate now stands at 6.25 percent.</p>.<p class="bodytext rtejustify">The BSE Sensex, which opened strong at 34,932.49, fell after RBI's policy announcement but soon recovered to touch the day's high of 35,230.54.</p>.<p class="bodytext rtejustify">It finally ended at 35,178.88, up 275.67 points, or 0.79 percent.</p>.<p class="bodytext rtejustify">The gauge had lost 419.17 points in the previous three sessions.</p>.<p class="bodytext rtejustify">On similar lines, the NSE Nifty, after shuttling between 10,698.35 and 10,587.50, finished the session 91.50 points, or 0.86 percent higher at 10,684.65.</p>.<p class="bodytext rtejustify">Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 474.33 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 157.51 crore yesterday, as per provisional data.</p>