Sensex crosses 350 points, Nifty near 10,800

Markets traded higher after the Monetary Policy Committee hiked repo rates on Wednesday by 25 bps to 6.25%, for the first time in four years.

The Sensex closed at 35518.26, up 339.38 points while the Nifty closed at 10790.25, up 105.60 points.

Globally, Asian shares rose, with markets in Japan and South Korea showing gains in the early morning trade.

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