The Reserve Bank of India (RBI) eases lending norms for NBFCs, reducing risk weights on bank loans from 125 to 100 per cent, fueling optimism and triggering a stock market surge.

Among the Nifty gainers were IndusInd Bank, Adani Enterprises, Tata Steel, Eicher Motors and Infosys

On Thursday, the Sensex dropped 147.47 points to close at 59,958.03, while the Nifty 50 slipped by 37.50 points to close at 17,858.20. Among the Nifty gainers were SBI Life Insurance, Ultra Tech Cement, Larsen & Toubro, HCL Technologies and Cipla while Divis Labs, Reliance, BPCL, Axis Bank and Tata Motors were among the top losers

Among the Nifty gainers were Hindalco, Sun Pharma, BPCL, Ultra Tech Cement and HDFC Bank while Bharti Airtel, Cipla, Divis Labs, Apollo Hospital and HUL were among the top losers.