Sensex, Nifty lose ground, bond yields rise as RBI repo rate cut by 25 bps today
Both indexes had risen roughly 0.4% each earlier on Friday before the rate cuts were announced. The benchmark 10-year bond yield rose 5 basis points to 6.64% after the central bank`s announcement.
Leading stock indexes lower after the interest rate cut on Friday were banks, which have already suffered bruising declines in recent sessions. Image source: Reuters