Taking Stock: RBI accommodative stance, liquidity measure boost sentiment; Nifty above 12100

Indian market gained momentum after the Monetary Policy Committee (MPC) kept rated on hold at 5.15 percent on expected lines on Thursday, but incentivizing credit flow (retail loans) to certain stressed sectors like Auto, housing and MSMEs, by exempting them from CRR on incremental credit to these sectors till July 2020 boosted sentiment.