Stock market today: The Indian stock market experienced healthy buying across segments in intraday trade on Wednesday, October 1, following the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) ‘s decision to keep the repo rate and policy stance unchanged for the second consecutive meeting. After cutting rates by 50 basis points in June, the central bank left the benchmark interest rate unchanged in the August and September policy meetings.
RBI Governor Sanjay Malhotra-led Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.5 per cent, and maintained the policy stance as ‘neutral’.
The Sensex jumped nearly 500 points, or 0.60 per cent, to hit an intraday high of 80,744, while the Nifty 50 also rose over half a per cent to hit an intraday high of 24,746. The BSE Midcap and Smallcap indices also rose by over half a per cent each during the session.
(This is a developing story. Please check back for fresh updates.)
