Indian Air Force is reported to have carried out surgical operation against terrorists.
Midcaps and smallcaps rose but trailed Sensex in terms of percentage gains.
The brighter side is that the rate cut is likely to increase sales in under-construction projects.
Investors are treading cautiously ahead of the release of key macro data prints, including GDP.
The market may witness volatility as February series F&O contracts expire on Thursday.
Market breadth remained positive as 1,622 stocks advanced on the BSE against 910 decliners.
Major Asian markets were subdued in the wake of a fall on Wall Street.
Midcaps and smallcaps outperformed Sensex as the Midcap Smallcap indices rose 0.88% and 1.07%.
The rupee was in the green and traded 13 paise higher against the US dollar around 9:30 am.
Wednesday's relief rally added Rs 1.53 lakh crore cumulatively to investors’ kitty.
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