The Nifty 50 index was up by 255.45 points at 25,006.35, while the Sensex was up by 769.8 points to 82,211.90.

Indian equities opened mixed on Friday, with benchmark indices down around 0.2%, even as broader markets outperformed. The smallcap and midcap indices rose by about 0.4% each, reflecting underlying domestic resilience. Gains were seen across 12 of the 13 major sectors, with real estate stocks surging up to 6% in response to the Reserve Bank of India's (RBI) policy announcement.

The RBI’s Monetary Policy Committee (MPC) delivered a surprise by front-loading a 50 basis point cut in the repo rate, bringing it down to 5.5%, with a 5:1 vote. This is the third consecutive cut after similar moves in February and April. Additionally, the MPC reduced the Cash Reserve Ratio (CRR) for banks by 1 percentage point, to be implemented in four tranches starting September 6, 2025. This move is expected to infuse ?2.5 lakh crore into the banking system, bolstering liquidity in the near term.

However, the RBI shifted its policy stance to 'neutral' from 'accommodative', signaling a more cautious forward outlook. Markets are now watching global cues, particularly the U.S. jobs data, to gauge future interest rate trends.