Stock Markets Rally as RBI Keeps Policy Rates Unchanged

Benchmark indices surged for the third consecutive session as the RBI maintained the policy rate. The BSE Sensex skyrocketed 907.43 points, fueled by IT stocks and gains in bank, realty, and auto sectors. The Reserve Bank of India held the policy repo rate steady at 6.5% amid inflation concerns.

In a move that buoyed investor sentiment, benchmark equity indices surged on Friday, marking the third straight session of gains after the Reserve Bank of India (RBI) announced its decision to keep the policy rate unchanged, aligning with market expectations.

IT stocks led the rally, contributing significantly to the positive market trend. During late morning trade, the 30-share BSE Sensex catapulted by 907.43 points to 75,981.94, while the NSE Nifty rose by 260.95 points to 23,082.35.

Further bolstering the market, interest rate-sensitive sectors such as banking, real estate, and auto stocks saw substantial gains. This follows a notable performance over the past two days where the BSE benchmark surged 2,995.46 points or 4.15% after a significant drop on Tuesday.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)