New Delhi, June 10 -- After scaling a record high in the previous session, the Nifty Bank index witnessed profit-booking on Tuesday, June 10, slipping around half a percent in intra-day trading. The index touched a high of 57,015.4 earlier in the day before declining, marking a pause in its recent bullish momentum.

The fall followed a sharp rise spurred by the Reserve Bank of India's (RBI) aggressive 50 basis points rate cut announced last Friday, marking the third straight reduction in 2025. The central bank's monetary easing measures-especially the unexpected cut in the cash reserve ratio (CRR)-have been widely seen as a major liquidity booster for the banking sector and broader economy.

The RBI's six-member Monetary Policy Committee ...