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.

You might like these

Adani Stocks Rally After Clearance

Go Digit Q2 Profit Soars 52%

Kotak Bank Q1 Profit Falls 47%

GTPL Q1 Revenue Up, EBITDA Down

Xiaomi YU7 SUV Launch Imminent

BEML Confirms Govt Stake at 53.86%

Rupee’s August Dip, Strong Reserve Coverage

News that matters the most ⚡