Stock market today, Aug. 6 -- Indian stocks declined on Wednesday, primarily driven by rate-sensitive shares, after the central bank opted to maintain its key interest rates and adopted a 'neutral' policy framework, leaving some investors disappointed who had anticipated a more accommodative stance due to increasing global trade uncertainties.

At 12:55 IST, the Nifty 50 was down 0.22% at 24,596 . 50, while the BSE Sensex decreased by 0.14% to 80,607.54.

Both indices remained largely unchanged prior to the Reserve Bank of India's policy announcement but dropped around 0.3% each shortly after the decision to keep rates unchanged.

While asserting that the outlook for the domestic economy remained "promising" despite challenges from global...