Indian shares rise

BENGALURU: Indian shares logged gains for a second consecutive week on Thursday, aided by real estate and financials stocks, after the Reserve Bank of India, in a surprising decision, kept its key policy rate unchanged.

The Nifty 50 ended 0.24% higher at 17,599.15 and the S&P BSE Sensex rose 0.24% at 59,832.97, following a shaky start ahead of the RBI rate decision. Indian markets will be shut for a local holiday on Friday.

Citing “turmoil in global economy and unprecedented uncertainty in geopolitics”, RBI Governor Shaktikanta Das maintained policy rates and added that the central bank remained watchful of the outlook and impact of policy measures on the broader economy.