Mumbai BSE Sensex up 2.16% at 76,693 points (Il Sole 24 Ore Radiocor) - Mumbai , 07 Jun - Indian shares closed higher, rebounding for a third straight session amid muted Asian markets.

On the policy front, the Monetary Policy Committee (MPC) of the Reserve Bank of India decided by a 4 to 2 majority to keep the policy repo rate unchanged at 6.50% and to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target of around 4% while supporting growth.

Mumbai stocks climbed to new all-time highs, recouping losses on Tuesday, when they posted in their biggest daily loss in 4 years as early vote counting from the 2024 general elections showed that prime minister Narendra Modi's BJP party was poised for a less sweeping win in than the exit polls had suggested, with opposition party Indian National Congress gaining some ground in the lower house.

The BSE Sensex closed up 2.16% at 76,693 points, while the NSE Nifty closed up 2.05% at 23,290 points.

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(RADIOCOR) 07-06-24 14:09:49 (0379) 5 NNNN