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Workers pull a hand-cart in front of the Bombay Stock Exchange (BSE) building in Mumbai
Sensex, Nifty rise to highest close in 2 weeks on RBI rate cut
The BSE Sensex and Nifty rose to their highest close in nearly two weeks on Tuesday after the Reserve Bank of India (RBI) surprised with a bigger-than-expected 50 basis points cut in its policy rate, but the cheer was tempered by the cautious outlook on further rate cuts. Rate sensitive stocks like banks, autos and realty led the gains, all of whom have seen demand waning on account of high interest