New Delhi: Indian equity benchmarks opened lower on Friday but staged a sharp recovery following the Reserve Bank’s announcement of interest rate cuts under its monetary policy, igniting buying momentum across the market. After trading under pressure until 10 AM, both the Sensex and Nifty reversed course, with the BSE Sensex climbing 136.58 points or 0.16% to 85,401.90 by 10:15 AM, while the NSE Nifty advanced 36.60 points or 0.14% to 26,070.35 in the first hour of trade.
