The S&P BSE Sensex surged over 150 points in intraday trade on Monday tracking positive trend seen in other Asian markets. The rally in the index was led by gains in Infosys, ICICI Bank, Axis Bank, TCS and Sun Pharma.
The Reserve Bank of India said on Friday it accepted all 10 bids for 43.20 billion rupees ($677.54 million) at its three-day repo auction, through which it injects liquidity into the banking system.Indian banks' refinancing with RBI unchanged at 56.22 bln rupees.India cbank says banks' cash balances fall to 3.61 trln rupees.
Reliance Industries shares edge lower on profit- booking. The RIL stock was down 0.5 per cent at Rs 991. The stock in last six trading sessions saw an up move of 13.3 per cent.
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