The BSE Sensex soared over 550 points in morning trade after the Reserve Bank of India maintained its 'neutral' stance on monetary policy, which might lead to future rate cuts. Banking and IT stocks drove the market's positive trend,

The BSE Sensex jumped over 550 points to revisit the 82,000-level after the Reserve Bank of India changed its monetary policy stance to 'neutral', potentially leading to a rate cut in the future.

The S&P BSE Sensex added 591.46 points to 82,225.81, while the NIfty50 gained 197 points to 25,210.15 as of 10:55 AM. The Reserve Bank of India (RBI) has adjusted its stance to a

The Nifty 50 closed the session with a drop of 0.12%, finishing below the 25,000 mark at 24,981 points. Similarly, the Sensex wrapped up the day with a 0.21% increase, settling at 81,465 points.

BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Wednesday ahead of RBI’s monetary policy review meeting. While BSE Sensex was above 81,800, Nifty50 crosses 25,050.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 25,013.15, while Sensex ended at 81,634.81. Overnight, Wall Street indices staged a comeback as oil prices eased amid the ongoing tensions in the Middle East.

Indian stock markets rose over 0.5% on October 9 after the RBI held the repo rate at 6.5% for the tenth time. The RBI shifted its policy stance to 'neutral', hinting at potential rate cuts, boosting investor sentiment and leading to significant gains in various sectors.

After a six-session losing streak, Indian shares rebounded on Tuesday as investors seized the opportunity to buy the dip. BJP’s better-than-expected performance in a state assembly election also boosted market sentiment.