Indian benchmark indices witnessed a strong rebound on Friday after the Reserve Bank of India (RBI) slashed repo rates by 50 basis points and the cash reserve ratio by 100 basis points. Sensex rebounded with nearly 1% gain,

Nifty Bank index was seen hitting a new record high during the trading session on Friday, after the RBI announced its to cut interest rates by 50 basis points in its monetary policy.

The NSE Nifty Realty index rose to a five-month high after the Reserve Bank of India slashed the repo rate by 50 basis points to 5.5% against expectations of a 25 bps cut. The index has emerged as the top performing sector on the National Stock Exchange.