The Sensex is up over 450 points, as the 30-stock index climbs to the 80,750 mark. The Nifty Bank index is also putting up a fight, with a near 500-point rise in its total value, surging past the benchmark 55,000 mark.
Some of the biggest gainers among the Nifty 500 stocks are Sun TV, HUDCO, NMDC, Tata Invest, Pfizer, and Lupin.
This development comes after the RBI governor, in his MPC policy address, retained interest rates, in addition to retaining the monetary policy stance to Neutral.
The Nifty has been under pressure after falling for 8 sessions straight. The last time the Nifty declined for eight days in a row was between February 18 and March 4 this year, when it fell for 10 straight sessions.
Watch this space for all the live updates.