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Top Market Surge: RBI’s Rate Cut Pushes Sensex Up 450 Points
RBI’s surprise rate cut lifted market sentiment, driving gains in Sensex and Nifty as banking, auto, real estate, and NBFC stocks advanced on improved liquidity expectations.
Indian equities strengthened on Friday after the RBI issued a pro-growth policy and delivered an unexpected 25-basis-point rate cut. Sensex rose nearly 450 points to close at 85,712, while Nifty gained 153 points to end at 26,186. Banking stocks led the momentum, with SBI and HDFC Bank contributing most to the index gains as lending conditions are expected to improve.