Indian benchmark indices end higher on Wednesday but trims gains after RBI comes out with monetary policy
The BSE Sensex was up 174.33 points at 31671.71 and NSE Nifty was up 65.95 points at 9925.45
The RBI retained its key lending rate unchanged at six per cent at its Fourth Bi-monthly Monetary Policy meeting on Wednesday.
Top gainers on Wednesday were Sun Pharma, Tata Motors (D), Reliance, ITC, Aurobindo Pharma and Kotak Mahindra while Bharti Airtel, Idea Cellular, ICICI Bank, UPL, HDFC Bank, Axis Bank, Eicher Motors and Maruti Suzuki declined.
Meanwhile, the Central government has named Rajnish Kumar as the new chairman of the State Bank of India (SBI), who will take up the reins of the country's biggest lender from Arundhati Bhattacharya's whose term ends on Friday, media reported.
Rajnish Kumar, currently a managing director at SBI, has been with the bank for the past 37 years, having joined the bank as a Probationary Officer in 1980.
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