Indian stocks and bonds closed higher on Wednesday after the new Reserve Bank of India (RBI) governor, Shaktikanta Das, took charge. A rally in the global markets on hopes of improvement in trade talks between the US and China further boosted investor sentiment.
The rupee, however, declined by 16 paise to close at 72.01 against the US dollar amid strengthening of the greenback and rising crude oil prices.
The benchmark BSE Sensex surged 629 points, or 1.8 per cent, to end at 35,779, while the Nifty 50 index rose 188 points to 10,738. The 10-year government bond yield ended at