Market Watch

Sensex rallies 232 points to close above 27,000; Jammu & Kashmir Bank rises 10.8 pct

07 June 2016 - 03:54 PM

Indian shares closed higher on Tuesday after the country's central bank kept key rates unchanged, but said it would remain "accommodative" as it keeps a watch on inflation levels.
 
The broader Nifty closed 0.8 percent higher at 8,266.45, after touching its highest since Oct. 26.
 
The benchmark Sensex ended up 0.87 percent at 27,009.67, breaching the 27,000 mark for the first time since Oct. 29.
 
Both indexes had ended lower on Monday.
 
Jammu & Kashmir Bank rises 10.8 pct
 
ICICI Bank Ltd rose as much as 4.6 percent, touching a 6-week high on a fund-raising plan.