The Nifty and Bank Nifty surged sharply today by approximately 300 and 1000 points respectively. The Policy update reported by RBI pushed the market as they announced a reduction in repo rate to 5.5% and decline in cash reserves ratio (CRR) to 3% for maintaining the liquidity. The RBI reported a decline in inflation forecast for next year to 3.7% while GDP growth is projected to retain at 6.5% for financial year 2026.