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The equity benchmark indices rebounded on Wednesday after eight straight sessions of losses, tracking firm buying in banking and financial stocks following the Reserve Bank of India’s decision to keep the policy rate unchanged.

At around 12 p.m., Sensex advanced 589.03 points or 0.73 percent to 80,856.65, while the broader Nifty climbed to 24,781.05, up 169.95 points or 0.69 percent.

Shriram Finance , Tata Motors , Trent, Kotak Mahindra Bank and Sun Pharmaceutical Industries were among major gainers, rising up to 4 percent.

The RBI, announcing its fourth bi-monthly monetary policy for the current financial year, left the repo rate steady at 5.5 per cent for the second

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