RBI Rate Cut Fuels Indian Market Rally

  Published 1 year ago

India's Nifty 50 experienced its best day in three weeks following the RBI's surprising 50 bps rate cut and CRR reduction. This boosted market sentiment, ending a two-week losing streak and spurring gains across sectors.

  • RBI cut rates by 50 bps, CRR by 100 bps.
  • Financials, real estate, and autos led gains.
  • Railway stocks were an exception, facing profit-taking.

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