The NSE Nifty settled 196.75 points, or 1.94 points higher at 10,325.15.
The 30-share index, hit a low of 33,501.37 and a high of 33,697 and finished on 33,626.97 points, ending the day on 30.17 or a 0.09 per cent high. The RBI said, "On the basis of an assessment of the current and evolving macroeconomic situation1 at its meeting today, the Monetary Policy Committee (MPC) made a decision to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent".
"Markets have corrected very well and now awaiting bounces in the corporate earnings momentum", said Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services.
Italy's League seeks stable government, hopes for 5-Star deal
After two days of talks in Rome, the Italian president said no political force had garnered enough support to sustain a stable government.
Positive global cues on fading trade war worries too supported the upward move. On a weekly basis, the BSE Sensex scored a smart gain of 658.29 points, or 1.99 per cent while the NSE Nifty rose 217.90 points, or 2.15 per cent.
The US stocks witnessed a roller-coaster ride on Wednesday as the markets staged a smart rally from intra-day lows of the day.
Other gainers in the Sensex pack were Tata Steel, L&T, Adani Ports, Infosys, HUL, TCS, NTPC, Wipro, RIL, Sun Pharma, HDFC Ltd, ONGC and Dr Reddy's, rising up to 3.67 per cent. Still, the RBI feels that the risks are tilted to the upside given uncertainty around MSP hikes, fiscal slippage and crude oil prices.
Man (20s) fatally stabbed in London bringing 2018 death toll past 50
Earlier today Tottenham Labour MP David Lammy described the London street violence as the 'worst I've ever seen it'. That's a billion pounds worth of cuts. "We have to tackle this problem and the Government needs to do more".
All 10 components of the index ended in the green. In the Asian region, Japan's Nikkei ended 1.53 per cent higher, while Singapore gained 1.97 per cent. Hong Kong and Shanghai markets were shut today for a public holiday.
The German DAX soared 2.9 percent, France's CAC 40 index surged 2.6 percent and the U.K.'s FTSE 100 climbed 2.4 percent.
SC sets Friday to hear BJP plaint of systematic violence
And carrying arms in such political processions is not part of any tradition. He called upon the people to "protest and resist" everywhere.