India’s equity market benchmarks, the BSE Sensex and NSE Nifty 50, initially fell sharply following the RBI’s announcement of a repo rate cut. Howeve

At 10:27 AM, the Sensex was down 221 points or 0.3 percent at 77,837, and the Nifty was down 77 points or 0.3 percent at 23,526. About 1,162 shares advanced, 1,983 shares declined, and 129 shares remained unchanged.

The Nifty 50 has dropped 4.4 per cent since the last policy meeting in December, impacted by weak corporate earnings and a slowing economy.