The markets are trading higher with hefty gains on account of Repo and Reverse Repo remained unchanged by RBI in the new Credit Policy. However, RBI has hiked CRR by 25 bps to 8.25%. Nifty has surged above 5,200 mark and is hovering around that level, Nifty closed above 200 DMA first time since February 29. On the sectoral front, IT, realty, banking, metal indices ended with smart gains. The BSE mid-cap and small cap indices closed with moderate gains, each up nearly 1%.

On the global front, cues from Asian markets were mixed. While, Europe is trading mixed. 

Sensex closed up 362.50 points or 2.13% at 17378.46, and the Nifty up 105.85 points or 2.08% at 5195.50.

About 1666 shares have advanced, 1211 shares declined, and 204 shares are unchanged.

BSE Realty index was up 6% at 8,688.48. 

The BSE Midcap Index ended at 7,148.05 up 1.2%.  

The BSE Smallcap Index ended at 8,778.85 up 0.8%.  

The BSE Bankex closed at 8,959.53 up 1.6%. IOB, ICICI Bank, Centurion bank, Axis closed in green. 

The BSE Capital Goods Index closed at 13,914.50 up 1.2%. Suzlon, Reliance Infra, Siemens, Triveni Engineering closed higher. 

The BSE Auto Index closed at 4,642.18 up 1.4%. Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed higher. 

The BSE Metal Index closed at 16,217.07 up 3.8%. SAIL, JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher. 

The BSE FMCG Index closed up 0.4% at 2,410.81. Colgate, ITC, Nestle, Marico, HUL, Dabur ended higher. 

BSE Oil and Gas Index closed at 11,671.11 up 2%.  BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher. 

The BSE IT Index was at 4,236.02 up 5.5%. HCL, Infosys, Tech mahindra, TCS, Wipro, Tech Mahindra closed higher.

Asian markets trading mixed. Hong Kong's Hang Seng gained 0.28% 75.05 points at 25,738.34. However, Taiwan's Taiwan Weighted declined 0.25% or 18.05 points at 9,057.34. Singapore's Straits Times 0.77% or 24.64 points at 3,176.99. South Korea's Seoul Composite fell 0.45% or 8.14 points at 1,815.03.