Market cheers RBI's mega decisions, Nifty closes above 25,000

Market cheers RBI's mega decisions, Nifty closes above 25,000

The domestic benchmark indices surged on Friday after the Reserve Bank of India (RBI) reduced repo rate by 50 basis points to 5.50% and cash reserve ratio (CRR) by 100 basis points (in four tranches). Sensex gained 746.95 points or 0.92% at 82,188.99 and the Nifty rose 252.15 points or 1.02% to close at 25,003.05.

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