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The market has opened at record high after Reserve Bank of India, in a surprise move, cut repo rate by 25 basis points to 7.5 percent.

Indian bonds, rupee, shares gained sharply on Wednesday after a surprise rate cut by the central bank.
India's central bank lowered its policy repo rate by 25 basis points to 7.5 percent on Wednesday, delivering its second cut this year on the back of easing inflation and a government commitment to fiscal discipline.

• Indian ADRs ended mixed on Tuesday.
• In the IT space, Infosys rose 0.77 percent at USD 36.88.
• Wipro added 0.29 percent at USD 13.87.
• In the banking space, ICICI Bank shed 0.76 percent at USD 11.68.
• HDFC Bank was down 0.8 percent at USD 62.23.
• In the other sectors, Tata Motors slipped 2.66 percent at USD 47.61.
• Dr Reddy’s Laboratories gained 0.52 percent at USD 54.53.

Market Highlights
The market has opened at record high after Reserve Bank of India, in a surprise move, cut repo rate by 25 basis points to 7.5 percent. The Sensex is up 407.43 points or 1.4 percent at 30001.16, and the Nifty is up 112.90 points or 1 percent at 9109.15. About 533 shares have advanced, 94 shares declined, and 93 shares are unchanged.

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