Tuesday, 5 April 2016

Sensex breaks 25000, sinks 400 pts; Lupin, Biocon outperform

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Equity benchmarks plunged further, especially after the Reserve Bank of India matched economists' expectations by cutting repo rate by 25 basis points. PSU Bank Nifty was the biggest loser among sectoral indices, down 3.5 percent.

The 30-share BSE Sensex slipped 405.70 points or 1.60 percent to 24993.95 and 50-share NSE Nifty tanked 119.45 points or 1.54 percent to 7639.35. More than two shares declined for every share advancing on BSE.

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