Indian benchmark indices snapped 8-day losing streak, ending strong with Nifty above 24,800 after RBI kept the repo rate unchanged, lowered its inflation forecast to 2.6 percent and upward revision of GDP growth projection to 6.8 percent .

In line with the expectations, the Reserve Bank of India’s Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.5 percent with a neutral stance, marking its second consecutive pause after three cuts totalling 100 basis points earlier this year.

The RBI announced a series of measures to expand bank lending to capital markets .

At close, the Sensex was up 715.69 points or 0.89 percent at 80,983.31, and the Nifty was up 225.20 points or 0.92 percent at 24,836.30. BSE Midcap index rose 0.9 percent and smallcap indices added 1%.

The marke

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