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Sensex and Nifty Surge After RBI Cuts Rates: Financials, IT Stocks Lead Gains
Sensex and Nifty surged after the RBI's rate cut, driven by strong gains in financials and IT sectors.
Indian markets closed on a strong note, with the Sensex rising 450 points to reach a closing high. Nifty ended near 26,200, spurred by gains in financials and IT stocks post-RBI rate cut. The 25-basis point reduction fueled optimism, lifting key sectors and pushing the indices to higher ground amidst broad market participation.