Market Wrap: Financial stocks drag D-Street lower after RBI cuts repo rate; Sensex sheds 190 pts, Nifty below 23,600

Indian benchmark indices ended in the red on Friday, dragged down by interest rate-sensitive financial stocks, after the Reserve Bank of India (RBI) slashed interest rates for the first time in nearly five years, as was widely expected, to revive economic growth.

The benchmark BSE Sensex lost…