The Sensex climbed steadily for five sessions, rising over 1% as 14 BSE 500 stocks posted gains each day, led by Data Patterns, Asian Paints, Berger Paints, Aurobindo Pharma and several financial and consumer names.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.