Markets rise on the wings of dovish RBI; Sensex rises 460 points

The Reserve Bank of India's (RBI's) surprise decision to keep key rates unchanged and its accommodative stance helped the benchmark indices end higher for a third straight day on Thursday.

The Sensex ended the session at 58,926 - a gain of 460 points, or 0.8 per cent. The Nifty, on the other hand, ended the session at 17,606 - up 142 points, or 0.8 per cent. The rate-sensitive Nifty Financial Services and Nifty Realty indices gained about a per cent each.

Contrary to expectation, the RBI decided to hold both the repo and the reverse repo rates and continued with the accommodative