Sensex and Nifty fell despite RBI reducing interest rates to 6.25% after five years. Rate-sensitive stocks declined, while Bharti Airtel emerged as a top gainer. Financials experienced losses while the auto sector gained slightly.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,603.35, while Sensex ended at 78,058.16. Overnight, Wall Street indices were in the green.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,810 level, a premium of nearly 35 points from the Nifty futures’ previous close.