HIGHLIGHTS - RBI steps up easing cycle with another 25-bps rate cut, changes stance to accommodative - Vodafone Idea calls for further price hikes, focus on ARPU improvement - IT shares fall up to 4% after Jefferies' downgrade citing tariff hit on US growth - Oil falls to lowest since February 2021 as Trump's tariffs take effect - Glenmark shares crash 6% after USFDA order discloses 39 drugs recalled from US marketIndian equity markets closed in the red on Wednesday, as the Reserve Bank of India’s much-anticipated 25-basis-point rate cut failed to lift investor sentiment, global headwinds, particularly renewed tariff concerns from the US, overshadowed the policy move.
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