News Snapshot:
Stock market today: Indian equities ended Friday with stellar gains after the RBI delivered a double bonanza—a surprise 50 basis point cut in the repo rate and a 100 basis point reduction in the cash reserve ratio (CRR)—raising hopes of stronger credit demand and a rebound in domestic growth. The Nifty 50 rose 252 points, or 1.02%, to close at 25,003, while the Sensex gained 443 points, or 1%, to end at 82,188. The move came as a surprise at a time when markets had been losing steam, with the Nifty slipping over the past two weeks amid concerns over...