Market ends flat after RBI rate cut; rate sensitive stocks turn volatile
Benchmark equity indices gave up gains to end almost flat on Thursday as investors booked profits at higher levels, after the the Reserve Bank surprisingly reduced the repo rate by 0.25 per cent.After rising nearly 200 points, the 30-share BSE Sensex ended 4.14 points, or 0.01 per cent, lower at 36,971.09; while the broader Nifty settled 6.95 points, or 0.06 per cent, higher at 11,069.40.India VIX, the fear gauge for domestic equities, rose 1.40 per cent.Rate-sensitive stocks swung between gains and losses after the rate-cut announcement, with BSE realty index…
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