Indian Stock Market Trading Trends by Marketmagnify

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The S&P BSE Sensex rallied over 300 points in morning trade on Wednesday, led by gains in ICICI Bank, ITC, RIL, HDFC, L&T, and Wipro.The rally in markets was largely led by surplus monsoon forecast by the weather office this year after two consecutive droughts. 

Indian banking stocks rise on Wednesday.India's retail inflation eased in March to a six-month low, raising hopes the central bank would ease interest rates further.Reserve Bank of India cut policy rates by 25 bps last week to a more than five-year low, leaving open the prospect of more cuts if inflation trends stay benign.The S&P BSE Bankex index jumps 1.66 pct, has the highest weightage on the benchmark BSE index, which is up 1.5 pct