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Sensex jumps 300 pts as RBI holds rate at 6.5%, Nifty above 19,600; “withdrawal of accommodation” stance retained
The monetary policy action was on the expected lines, and therefore, equities remained steady post the announcement. The Sensex was trading 324 points or 0.49% higher at 65,955.89, while the Nifty was steady above the 19,600 mark.. The Nifty Bank index also was trading 0.3% up at 44338.10 points.