New Delhi, June 6 -- Indian stocks rallied on 5 June ahead of the RBI's upcoming monetary policy decision, with the Nifty 50 rising 130.7 points to close at 24,750.90 and the Sensex gaining 443.79 points to end at 81,442.04.

Strong cues from Asian markets and gains in heavyweights like Reliance Industries and private banks lifted investor sentiment. Broader markets also participated, with mid- and small-cap indices closing higher. The Nifty stayed above key moving averages through the day, forming a second green candle on the chart, although intraday profit booking was visible at higher levels.

Why it's recommended: India's sugar output is expected to rebound in 2025-26 to over 29.5 MT, driven by improved cane planting and favourable we...