NIFTY, SENSEX END NEARLY FLAT, YIELDS LOWER ON RBI RATE CUT
BENGALURU: Indian shares ended little changed on Thursday as they came off early highs, while bond yields lowered after the central bank in a surprise move cut interest rates and, as expected, shifted its stance to “neutral” in a bid to boost a slowing economy. The rate cut by The Reserve Bank of India could aid Prime Minister Narendra Modi’s government, which wants to boost lending and lift growth as it faces elections by May. The 10-year benchmark government bond yield fell to 7.50%, from Wednesday’s close of 7.56%, while the rupee strengthened to 71.41 to the dollar, compared with its previous close of 71.56. The Sensex closed down 0.01% at 36,971.09, its first fall in six sessions.