The Sensex rose 508 points to 74,616.58, and the Nifty50 gained 155 points to 23,123.65, marking four straight days of gains. Wipro, Hindalco, TCS, and HCLTech led the rally. MidCaps rose slightly, SmallCaps fell. IT, Realty, and Metal sectors gained, while PSU Banks dropped. Investors await RBI policy update.