Reliance Industries Limited (RIL), ICICI Bank, Kotak Mahindra Bank and Infosys were among the gainers.
The ICICI Bank scrip rose 1.95 per cent to Rs 478.60 -- its 52-week high -- on the BSE.
The m-cap of Reliance Industries Ltd zoomed Rs 28,494.36 crore to Rs 8,57,303.03 crore, the most among the frontline entities.
ICICI Bank stock rose 4.05 per cent to close at Rs 452.05 on the BSE.
Senior citizens continue to get higher interest rates than the general public.
Banks need to commensurately transmit rate cut benefit in lending, said an official release.
The scrip gained 4.62 per cent to Rs 434.70 on the BSE.
The provisions coverage ratio, or PCR, of ICICI Bank is now at an industry-high at 74 per cent.
A cut of 5-10 bps will not take down home loan interest rate instantly for the existing home loan borrower.
RIL was the lone gainer among the top-10 frontline companies, adding Rs 11,415.21 crore to its m-cap.