The equity benchmarks settled higher on Friday after the Reserve Bank of India (RBI) cut the key policy rate and announced liquidity measures aimed at supporting economic growth amid elevated US tariffs.

The Sensex rose for a second straight session, gaining 447.05 points or 0.52 percent to close at 85,712.37. It touched an intraday high of 85,796.72, up 531.4 points or 0.62 percent. The Nifty advanced 152.70 points or 0.59 percent to settle at 26,186.45.

Analysts said the Nifty could move towards 26,440 as long as it holds the 26,060 mark.

Rupak De, Senior Technical Analyst at LKP Securities, said the Nifty moved sharply higher following the policy announcement and continues to trade above the 21-day exponential moving average. He said the index broke out of a recent consolidation on t

See Full Page