Markets Extend Rally for Second Day; Sensex Jumps 685 Points, Nifty Closes Above 22,750
What Happened
Indian equities ended sharply higher ahead of the RBI policy outcome. The Sensex rose 685 points (0.95%) to close at 73,067.81, while the Nifty 50 gained 220 points (0.98%) to settle at 22,776.10. Buying was seen in pharma, private banks, FMCG, and oil & gas stocks, while IT shares lagged. Broader markets also remained strong, with midcap and smallcap indices gaining over 1%.
Key Takeaways
The market staged a broad-based recovery for the second straight session, with lower oil prices and positive global cues driving gains. Investors will now focus on the RBI policy outcome for the next market direction.