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  • Sensex ends in red after hitting 30K as rate cut cheer wanes

    Published on March 4, 2015

    sensex gloomyThe Sensex on Wednesday made history by surpassing 30,000 level after RBI announced a surprise rate cut within days of the Budget but the benchmark wiped off all gains to end with a 213-point loss on heavy profit-booking.

    For the second time in two months, RBI Governor Raghuram Rajan in an out-of-turn policy rate action lowered repo rate by 0.25 percent before stock markets opened.