New Delhi, June 10 -- On the day the RBI announced its monetary policy, the Nifty Bank Index surged past its all-time high, reflecting strong market optimism. The rally continued into the next day, with the index touching a new 52-week high of 57,050.

This sharp upward move was driven by a larger-than-expected liquidity boost from the RBI, which reinforced bullish sentiment across banking and financial stocks.

The Reserve Bank of India (RBI) had cut the repo rate by 50 basis points, bringing it down from 6.0 percent to 5.5 percent, as part of a broader monetary easing move. The Standing Deposit Facility (SDF) has been reduced from 5.75 percent to 5.25 percent, while the Marginal Standing Facility (MSF) and Bank Rate have been lowered fr...