Sensex, Nifty down 1.5% post RBI rate cut | Monetary Solution Indore --> 2/6/2015

The RBI has reduced repo rate by 25 bps. Banking, FMCG and Realty shares are witnessing selling pressure. The India VIX (Volatility) index has dropped 2.2 percent at 16.5350.

The market has fallen sharply on the back of intense selling across all sectors after the RBI credit policy. The Reserve Bank of India has cut repo rate by 25 bps to 7.25 percent from 7.50 percent. The BSE Sensex has plunged to a low at 27,502 and is now down 438 points (1.5 percent) at 27,411. Similarly, the NSE Nifty has tumbled to a low at 8,330 and is now down 127 points (1.5 percent) at 8,307. -

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