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A 35-basis point (bps)
rate cut by the Reserve Bank of India (RBI) failed to lift the investor
sentiment on Wednesday as the benchmark indices ended in the red.The S&P
BSE Sensex lost 286 points to settle at 36,690, with HUL
being the top gainer and M&M the biggest loser. The broader Nifty50 index
ended the session at 10,855, down 93 points. On the
sectoral front, rate-sensitive stocks took the biggest knock with Nifty Bank,
Nifty Auto and Nifty Realty slipping 1 per cent to 2 per cent. Volatility
gauge, India VIX climbed nearly 5 per cent to 16.88 levels. The broader
market fared better than the benchmark indexes. Buzzing stock Indiabulls
Housing falls 9% on weak Q1 results, worsened asset quality.Titan Company slips
4%, hits 6-month low on subdued Q1 earnings.Rate sensitive stocks trade mixed after
RBI cuts repo rate by 35 bps.Vodafone Idea hits new low as CRISIL downgrades its NCDs rating.SRF packs a punch,
defies Street in June quarter; stock gains 16%
