Sensex jumps over 400 points after RBI keeps the rates unchanged. Why is the Indian stock market rising? Explain

The Stock Market Today: The Indian stock market experienced healthy buying in the Intraday trading on Wednesday, October 1, after the Monetary Policy Committee (MPC) of the Reserve Bank of India’s (RBI) decision to keep the Repo rate and policy institution unchanged for the second consecutive meeting. After the rates lowered by 50 basis points in June, the central bank left the benchmark interest rate unchanged in the policy meetings in August and September. The Sensex jumped nearly 500 points, or 0.60 percent, to achieve an intraday high of 80,744, while the Nifty 50 also rose half a percent to achieve an intraday high of 24,746. The BSE Midcap and smallcap indices also rose by more than half a percent during the session. (This is a developing story. Check out fresh updates.)