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RBI hikes repo rate by 25 basis points

RBI raises repo rate by 25 basis points shocking the dalal street yet again as status quo was expected by more than 90% of the market analysts. High beta sectors, specially banking now stands on the edge to a yet another breakdown. One may expect 6050  levels at Nifty to be breached if market consolidates along these levels for this week or so. Stay cautious !!

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