RBI's rate cut fails to lift market; Sensex skids 379pts; IT, banks fall

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RBI's rate cut fails to lift market; Sensex skids 379pts; IT, banks fall - Business Standard

Quick Summary:

The Nifty50, on the other hand, ended at 22,399 levels, lower by 136 points, or 0.61 per cent, from its previous close.

Following this, the shares of rate-sensitive sectors like automobiles, real estate, and financials, including banks, non-banking financial companies (NBFCs), and housing finance companies (HFCs), settled mixed on Wednesday.

RBI had earlier lowered the repo rate by 25 basis points to 6.25 per cent in February 2025—the first cut.