Taking Stock: Dovish RBI policy boosts market; Nifty closes above 11,900 levels

Indian market rallied for the seventh day in a row to hit a fresh 7-month high on Friday led by financial after Monetary Policy Committee (MPC) kept its focus on boosting growth even without a rate cut and kept the stance ‘Accommodative’. 
 
The S&P BSE Sensex rallied over 300 points while the Nifty50 closed above 11900 levels. However, the broader markets underperformed.