Sensex up 200 pts, Nifty tests 10,550; IT, pharma gain

The domestic indices were trading higher today after market heavyweights such as Infosys recovered and as drug maker Cipla gained on solid earnings.

The day’s gains came even as Asian shares flirted with six-week lows. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed as U.S. bond yields crept up towards four-year highs.

Back home on Wednesday, the six-member monetary policy committee of the Reserve Bank of India (RBI) did what most observers expected it to do — defer a policy rate increase. The markets responded accordingly, barely moving after the policy was announced.

Wenesday, the central bank kept the key policy rate unchanged at 6 per cent for the third consecutive time today in view of firming inflation.business-standard