RBI's rate stance sparks sensex slide

Mumbai's Sensex plummeted over 700 points as RBI's unchanged interest rates and hawkish tone spooked investors. Private banks, notably Kotak, ICICI, and Axis, took a hit, while SBI surged. Foreign funds led selling with Rs 4,934 crore outflow, outweighing domestic buying. ITC suffered after its major shareholder hinted at stake...