Sensex, Nifty rebound after 7-day fall; surge after RBI rate hike

Equity indices snapped 7-day losing streak as markets cheered Reserve Bank of India’s (RBI) rate hike decision. The 30-share BSE benchmark jumped 1,016.96 points or 1.80 per cent to settle at 57,426.92. During the day, it rallied 1,312.67 points or 2.32 per cent to 57,722.63.

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