Indices see steepest fall since Sept 25 despite rate cut boost

Mumbai: Domestic benchmark indices saw their steepest decline Monday since September 25, with the Nifty slipping below the 26,000 mark as investors turned cautious ahead of this week's US Federal Reserve policy outcome. Despite strong domestic growth data and a quarter percentage-point rate cut Friday, near-term sentiment remains weighed down by global rate worries, persistent selling by overseas funds, and continued pressure on the rupee. On Monday, the Sensex fell 0.71% or 609.68 points to close at 85,102.69, while the Nifty briefly dipped below 26,000, sliding 1% intraday before ending 0.86% lower or 225.90 points at 25,960.55. Market breadth was sharply negative. Of the 4,485 stocks traded on BSE, 843 advanced while 3,460 declined. BSE market capitalisation fell 1.24%, dropping to ₹4

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