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Sensex hits 30,000 for first time on RBI rate cut

March04/ 2015

MUMBAI, Mar 4: The Sensex and Nifty both jumped to life highs on Wednesday, with Sensex going past 30,000-mark for the first time after the RBI decided to go for a mid-policy rate cut for what the central bank said was mainly because of emergence of disinflationary trends in the economy.

The Nifty also zoomed to hit a lifetime high of 9,119.20 in the opening trade on Wednesday.

The RBI cut repo rate, the rate at which banks borrow from central bank to 7.50% from 7.75%.

Tags: market, market trends,
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