The Sensex opened with a significant positive gap of 421 points at 10,209 on the back of rate cut by the Reserve Bank of India (RBI) over the weekend. The RBI on Saturday announced a 100 basis points cut in cash reserve ratio (CRR), a 50 basis points cut in repo rate and also reduced the statutory liquidity ratio (SLR) by 100 basis points.
Some profit-taking in intra-day trades saw the index touch a low of 10,113. The index, however, moved back to higher levels led by solid gains in realty, capital goods and banking stocks. The Sensex touched a high of 10,363, and finally ended with a gain of 577 points at 10,365.
