RBI decleration effect? Sensex drops by 553.82 points and Nifty closes at 11843.75

(G.N.S) Dt. 6 Mumbai Reserve Bank of India has declared drop in 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