Indian equities snap 7-day losing streak; Sensex surges 1,017 points

Mumbai (Maharashtra) [India], September 30 (ANI): The Indian stock market's benchmark Sensex surged by over 1,000 points on Friday after the Reserve Bank of India (RBI) hiked the policy repo rate by 50 basis points, which was largely expected by the markets.

The 30-stock SP BSE Sensex surged 1,016.96 points or 1.80 per cent to 57,426.92 points against its previous day's close at 56,409.96 points.

The Sensex started the da