New Delhi, Oct. 1 -- After a long bearish run, Indian stock market rebounded in Wednesday's trading session, October 1, with key benchmark indexes gaining nearly 1%. The rally was led by banking heavyweights, reacting to multiple measures announced by the RBI in its MPC meeting, aimed at boosting liquidity while keeping the repo rate unchanged for the second consecutive time.

The Nifty 50 closed 0.91% higher at 24,835, while the S&P BSE Sensex edged up 0.90% to 80,982 points. Broader markets also posted strong gains, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rallying 0.90% and 1.12%, respectively.

Sector-wise, Nifty Media led the session, surging 3.79%, followed by Nifty Private Bank and Nifty Pharma, which rose 2.02% and...