Rate-sensitive sectors fall even as RBI cuts rate, shifts stance; Realty and PSU indices tank 2.8%, Nifty Bank down 1%

Indian stock markets experienced a sell-off on April 9 despite a 25 basis point rate cut by the RBI. Rate-sensitive sectors, including banking and realty, underperformed amid global economic uncertainties, with the Sensex dropping 554 points and Nifty 179 points during the session.

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