Benchmark stock market indices rallied on Wednesday, boosted by the news of DA hike approval and RBI's MPC announcements.

The S&P BSE Sensex jumped 715.64 points to end at 80,983.31, while the NSE Nifty50 added 225.20 points to close at 24,836.30.

Vatsal Bhuva, Technical Analyst at LKP Securities, said, "Nifty closed Wednesday’s

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