Markets End Lower Post RBI Rate Cut, Non-Stop Foreign Fund Outflow Dents Investors' Sentiment

Equity benchmark indices Sensex and Nifty ended lower on Friday as the RBI's rate cut did not spring any major surprise for the markets and investors turned to profit-taking amid foreign fund outflows.

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MUMBAI:

Registering its third day of decline, the 30-share BSE benchmark Sensex dropped 197.97 points or 0.25 per cent to settle at 77,860.19, in a volatile trade.

The NSE Nifty declined 43.40 points or 0.18 per cent to 23,559.95.

From the 30-share blue-chip pack, the stock of ITC dipped over 2 per cent after the diversified entity reported a 7.27 per cent decline in consolidated net profit to Rs 5,013.16 crore for the December quarter on account of subdued demand and sharp escalation in input costs.