Buy or sell stocks, June 9 -- Helped by a double bonanza from the Reserve Bank of India (RBI), the Indian stock market witnessed a sharp rally on Friday, with the benchmark indices - the Sensex and the Nifty 50 - ending nearly 1% higher each.

Sanjay Malhotra-led Monetary Policy Committee (MPC) cut the key lending rate by 50 basis points, exceeding the widely expected 25 basis point reduction. It also unexpectedly reduced the cash reserve ratio (CRR) requirement for banks by 100 bps and shifted its policy stance to neutral from accommodative.

Against this backdrop, BSE Sensex jumped 746.95 points, or 0.92%, to settle at 82,188.99. The 50-share NSE Nifty reclaimed the 25,000-level and climbed 252.15 points, or 1.02 per cent, to settle at ...