RBI rate cut lifts market today: Nifty50 trades above 26,000; BSE Sensex jumps 230 points

Indian equity benchmarks Nifty50 and BSE Sensex surged today after the RBI, led by Governor Sanjay Malhotra, cut the repo rate by 25 basis points to 5.25%. The economy shows resilience, with GDP growth projected at 7.3%. Despite foreign outflows and a weak rupee, markets are watching the RBI’s stance on inflation and liquidity.