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Sensex falls over 300 pts, Nifty below 23,500 despite RBI’s first rate cut in nearly five years

Indian blue-chip indices Sensex and Nifty fell on Friday despite the Reserve Bank of India’s (RBI) RBI cuts interest rates by 25 bps to 6.25% for the first time in nearly five years.

The BSE Sensex was down 337.66 points, or 0.43%, at 77,720.50, while the Nifty50 dropped 80.40 points, or 0.34%,…

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