RBI’s surprise 50 bps rate cut propels Sensex, Nifty to fresh highs; banking stocks lead rally
Markets surged on Friday as the Reserve Bank of India delivered a surprise 50 basis point repo rate cut to 5.5 per cent, coupled with a 100 basis point reduction in the cash reserve ratio to 3 per cent. The Sensex closed 746.95 points or 0.92 per cent higher at 82,188.99, while the Nifty 50…