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MARKET WRAP: Sensex ends 986 pts higher; financials rally post RBI measures

The domestic stock industry witnessed a sharp rally on Friday following the Reserve Lender of India (RBI) Governor Shaktikanta Das announced a slew of steps to help the economic system in the wake of Coronavirus (Covid-19) outbreak. The central bank slashed reverse repo level by twenty five basis details to 3.seventy five for every cent. It also announced particular refinance facility of Rs 15,000 crore to SIDBI Rs twenty five,000 crore to NABARD, and Rs 10,000 cr to HFCs to help liquidity.  Study Additional

Reacting to it, money shares manufactured stable gains, as a result aiding the benchmark indices settle above 3 for every cent bigger. The S&P BSE Sensex surged 986 details or 3.22 for every cent to close at 31,588.72, with Axis Lender (up nearly 13.five for every cent) being the top gainer. ICICI Lender (up 10 for every cent), IndusInd Lender (up 9 for every cent), and

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