New Delhi, Oct. 3 -- The Indian stock market staged a powerful rebound on Wednesday, snapping an eight-day losing streak with a broad-based rally across banking, auto, and midcap stocks. The Sensex surged 754 points (0.94%) to close at 81,022.58, while the Nifty 50 climbed 239 points (0.97%) to settle at 24,850.6, crossing a key technical resistance level.

The Nifty Bank index gained 712 points (1.3%) to 55,348, aided by the Reserve Bank of India's policy outcome, where the central bank held the repo rate steady at 5.50% but lifted its FY26 GDP growth forecast to 6.8% and lowered its CPI inflation projection to 2.6%. The recovery was supported by renewed investor confidence, short-covering, and optimism over stronger credit flow and comp...