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Closing Bell: Nifty Ends Above 24,830, Sensex Up 715 Points; Bank, Financial Sector Stocks Shine

As of 2 pm, the Sensex stood at 80,808.05, up 540.43 points or 0.67%, while the Nifty rose 177.40 points or 0.72% to 24,788.50.

Indian stock market pulled back mildly after RBI decided to keep key interest rates unchanged for the second time. Repo rate stays steady at 5.5%. Sensex now hovered around 80,430 after hitting an intraday high of 80,525.46. Nifty 50 floated around 24,650 after touching the day's high of 24,694.05.

Bank Nifty traded at 54,906, up by 285 points. Stocks like Kotak Bank, Sun Pharma, Tata Motors, and ICICI Bank were top bulls of the day.

Closing Bell: Nifty Ends Above 24,830, Sensex Up 715 Points

"While RBI is likely to hold rates steady, the central bank governor's statement on inflation, growth and US tariff impact going ahead will be keenly watched by the market. The fast declining rupee against the dollar in the wake of growing trade tensions and the sharp FII outflows has made investors jittery about taking equity bets," said Prashanth Tapse, Senior VP (Research), Mehta Equities.

The Indian benchmark indices closed in red for the eighth consecutive session on Tuesday amid geopolitical uncertainty and stock market volatility.

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