Indian equity benchmarks, bonds and rupee rose after the government decided to cut its first half market borrowing to 48 percent of its annual borrowing plan.
The S&P BSE Sensex rose 0.4 percent or 130 points to 33,196 and the NSE nifty 50 index advanced 0.4 percent or 45 points to 10,175.
All sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty PSU Bank and Nifty Metal index’s 1.4 percent gain.
Gains were broad-based as the mid- and small-cap shares were outperforming their large-cap counterparts. Both the S&P BSE MidCap and SmallCap indices rose over 1 percent each.
