Mumbai, April 9 -- Domestic equity benchmarks closed with modest losses on Wednesday, weighed down by weak global cues and escalating trade tensions. This decline came despite the Reserve Bank of India's decision to cut interest rates and adopt an accommodative policy stance.

The Nifty 50 ended the session below the 22,400 mark. Sectorally, PSU banks, IT, and pharma stocks came under pressure, while FMCG and consumer durables witnessed buying interest.

Investor sentiment remained cautious as markets awaited key economic data releases from the U.S., Europe, China and India-figures that could shape the global economic outlook.

The S&P BSE Sensex slipped 379.93 points or 0.51% to 73,847.15. The Nifty 50 index lost 136.70 points or 0.61%, ...