BSE SENSEX and NIFTY traded in green and boosted on WEDNESDAY recovered almost 2 percent on the session as expectations over Reserve Bank of India's rate cut in policy led the rally. It is expected that RBI may cut the repo rate by 50 basis points instead of 25 basis points in policy schedule to be announced on 8 JUNE. Prime minister's meeting with key ministries to boost infrastructure sector also helped the markets to stay higher. Positive opening of European markets further fuelled the fire. However Auto, Banking, Capital goods, and FMCG stocks led the rally while Cipla, BPCL and DRREDDY created a bit pressure.
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