RBI Rate Cut Boosts Indian Shares

Published 1 year ago

Indian shares rebounded on Friday after the Reserve Bank of India surprised markets with a 50 basis point repo rate cut. The Nifty 50 edged up slightly, while the Sensex remained flat, with small and mid-cap stocks leading gains.

RBI cut repo rate by 50 basis points.
Nifty 50 rose 0.03% to 24,753.45.
Small & midcaps gained around 0.4% each.

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