Sensex cracks 554 points after RBI announcement; Nifty ends below 11,850

Markets on Thursday plunged after the Reserve Bank of India (RBI) reduced repo rate - the rate at which it lends to banks - by 25 basis points (bps). The benchmark BSE sensex crashed 554 points or 1.38 per cent to close at 39,530, while the broader NSE Nifty cracked 178 points or 1.48 per cent to settle at 11,844.

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