RBI’s surprise 50 bps rate cut lifts markets, Sensex soars over 500 points, Nifty above 24,900

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Indian indices Sensex and Nifty rose on June 6 after the RBI cut the repo rate by 50 basis points. The shift to a 'Neutral' stance improved investor sentiment, with key sectors like Realty and Auto seeing significant gains, while defensive sectors lagged.