Stock Market News, Feb. 9 -- The domestic benchmark indices, Nifty 50 and Sensex, finished in the negative on Friday after the Reserve Bank of India (RBI) declared a 25 basis points (bps) reduction in the repo rate, lowering it to 6.25 percent. This was the first rate cut in more than five years, indicating a move to stimulate economic growth amidst global uncertainties.

The Sensex dropped by 197.97 points, closing at 77,860.19, while the Nifty 50 fell by 43.40 points, wrapping up the day at 23,559.95. Among the Nifty 50 stocks, 28 rose in value while 23 saw declines.

Vinod Nair, who is the Head of Research at Geojit Financial Services, remarked that the rate cut intended to stimulate the faltering economy is a sign of positivity. Nonet...