Indian markets closed higher on Friday, buoyed by the RBI’s surprise 50 bps rate cut and CRR reduction aimed at stimulating growth. The Sensex rose 747 points, while Nifty reclaimed the 25,000 mark. Analysts expect further upside if key resistance levels are breached. Rate-sensitive sectors led the rally amid renewed optimism, despite global uncertainties and tepid domestic demand.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets