New Delhi, Aug. 6 -- The Indian stock market logged another lower session as initial optimism faded after the RBI left the benchmark interest rate unchanged on Wednesday, triggering a sell-off in rate-sensitive stocks and dragging benchmark indices down for the second straight day.

The Nifty 50 closed 0.27% lower at 24,582, while the S&P BSE Sensex slipped 0.10% to 80,632. Broader markets saw sharper declines, with the Nifty Midcap 100 tumbling 0.77% and the Nifty Smallcap 100 falling 1.10%.

Today's decline was led by pharma stocks after Donald Trump said he would raise tariffs on pharmaceutical imports by over 250%. Rate-sensitive sectors such as autos, financials, and FMCG also ended the session lower.

As expected, the Indian central...