Benchmark BSE Sensex jumped over 550 points to revisit the 82,000-level in morning trade on Wednesday after the Reserve Bank of India changed its monetary policy stance to stance to 'neutral', a move that may lead to a rate cut in the forthcoming policies.

The Nifty 50 index was up 0.67% at 25,177.5 points as of 10:10 a.m. IST, while the S&P BSE Sensex added 0.55% to 82,080.

Indian stock markets rose over 0.5% on October 9 after the RBI held the repo rate at 6.5% for the tenth time. The RBI shifted its policy stance to 'neutral', hinting at potential rate cuts, boosting investor sentiment and leading to significant gains in various sectors.

Indian blue-chip indices Nifty50 and BSE Sensex opened higher for the second consecutive day, driven by gains in auto and IT stocks. This rise comes ahead of the Reserve Bank of India's policy meeting,