The markets extended gains throughout the session today, supported by strong global cues, with the benchmark indices closing at new highs despite the RBI maintaining status quo on the policy rates.

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The NSE Nifty reached 10,325 points while the BSE Sensex closed at 33,584 points.

Bank stocks contributed to the market gains in the last hour when the RBI announced the deferment of the IndAS Implementation by a year.

The benchmark indices gained more than 1% while the broader indices surged by more than 2%. The market breadth was in favour of the advances with the advance-decline ratio at 6:1.

Infra, banks, financial and auto stocks were the top index gainers. The financials contributed 50% to the Nifty gains. All the Nifty Bank stocks closed higher with ICICI Bank and Kotak Mahindra Bank among top gainers.

The put-call ratio improved to 1.37 from yesterday’s close which stood at 1.30.

The strong global cues lent a hand for the markets to reach their highs. After Tuesday's session, the US markets made a comeback. Household goods makers, retailers and homebuilders led the way while technology companies reversed some early losses. The investors also began to relax after the US and China said that they will be willing to hold talks regarding the trade wars.

The NSE Nifty opened in 10,200 levels at 10,242 points and the BSE Sensex, which tanked 350 points in the previous session, bounced back to 33,360 levels.

First Published:Apr 5, 2018 3:50 PM IST