Sensex up 162 points, Nifty ends above 7800 on RBI rate cut

Mumbai: Equity benchmarks trimmed losses in late trade despite RBI's rate cut as investors may be booking profits on every rally amid global growth woes.

The Sensex rose 161.82 points or 0.63 per cent to 25778.66 and the Nifty climbed 47.60 points or 0.61 per cent to 7843.30.

HDFC, Maruti Suzuki, M&M, Coal India, Larsen & Toubro and IndusInd Bank topped the buying list, up 1-3.5 per cent. However, Vedanta crashed 5.4 per cent followed by Tata Steel, Hindalco, BPCL and Adani Ports with 3-4 per cent loss.