Nifty Bank Slips Below 25,000 As Stocks Bleed Further Post RBI Policy

Nifty Bank slipped below 25,000-mark as banking stocks fell further in morning trade Thursday after the Reserve Bank of India expectedly cut repo rate by 25 basis points to 6 percent on Wednesday.

The news already seems priced into stock prices, hence the reason for fall in banks could be profit booking.

The Nifty Bank index was down 202 points or 0.81 percent at 24,852.70, at 9:45 hours IST.

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