Stock Market Highlights: Rate cut fails to cheer D-St; Sensex ends 198 pts lower, Nifty at 23,560
Markets Today Highlight: FMCG and PSU Bank shares bore the brunt of the selling on Friday after RBI, as expected, announced a 25 bps rate cut. Mid- and Small-cap indices finished on a mixed note.
 "BSE, stock market, sensex")
Stock Market Highlights, Friday, February 7, 2025: Benchmark equity indices, BSE Sensex and NSE Nifty50, witnessed downward pressure on Friday, after the Reserve Bank of India (RBI) governor, on expected lines, announced a 25 basis points (bps) rate. The central banker, however, left the policy stance unchanged.
The RBI-appointed Monetary Policy Committee (MPC) decided to lower the repo rate by 25 bps to 6.25 per cent from 6.5 per cent. The RBI MPC has also unanimously decided to maintain its 'neutral' stance and remain "unambiguously focused on a durable alignment of inflation with the target while supporting growth", said RBI governor Sanjay Malhotra.
On the bourses, the BSE Sensex hit a high of 78,357, and then tumbled to a low of 77,476 - down nearly 900 points in intra-day deals. The Sensex eventually ended the day with a loss of 198 points at 77,860. In the process, the BSE Sensex was down for the third straight day, but still managed to end the week 354 points higher.
The NSE Nifty 50 index swung in the range of 23,694 - 23,443, before signing-off the day at 23,560 - down 43 per cent.
Among the Sensex 30 shares, ITC surged 4.5 per cent. Bharti Airtel rallied 3.5 per cent on the back of 5-fold jump in Q3 profit. Zomato, Mahindra & Mahindra, UltraTech Cement, IndusInd Bank, Tech Mahindra and NTPC were the other prominent gainers.
On the other hand, ITC and SBI slipped over 2 per cent each a day after announcing their Q3 performance. Adani Ports, TCS, ICICI Bank, Reliance Industries and Power Grid were the other laggards on Friday.
Sectorally, the Nifty FMCG and PSU Bank indices slipped around 1.5 per cent each. The Oil & Gas index was also down nearly 1 per cent. Whereas, the Nifty Metal index surged over 2 per cent in trades.
In the broader market, the MidCap indices managed to end the day with marginal gains, while the SmallCap registered mild losses. India VIX - the volatility index dropped 4 per cent.
The overall market breadth was negative. Out of 4,057 stocks traded on the BSE, 2,433 ended in red, while 1,478 moved up.
3:52 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: A rate cut aimed at reviving the slowing economy is a positive indicator. However, yields edged higher as investors were disappointed by the absence of anticipated liquidity measures, leading to profit booking in the indices. Additionally, a downward revision in the near-term growth forecast, influenced by global trade policies and inflation concerns, suggests that the central bank will adopt a cautious and gradual approach to future rate adjustments. While the broader market underperformed, the metals sector gained traction amid expectations of increase in demand.
View by Vinod Nair, head of research, Geojit Financial Services
View by Vinod Nair, head of research, Geojit Financial Services
3:45 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: The Nifty remained volatile as the RBI Governor announced the monetary policy. However, the volatility did not push the index below the 21 EMA on the daily timeframe, signifying a positive short-term trend. The trend is likely to remain positive as long as the index stays above 23,450. On the higher end, resistance is placed at 23,700. A decisive move above 23,700 could lead to a rally toward 24,050.
View by Rupak De, senior technical analyst, LKP Securities.
View by Rupak De, senior technical analyst, LKP Securities.
3:43 PM
Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close
Stock Market LIVE Updates: ITC, SBI, Britannia were among the top losers on Nifty.
3:41 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close
Stock Market LIVE Updates: ITC, SBI Adani Ports were among thetop losers on Sensex.
3:40 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: BSE Midcap closed in green, while Smallcap finished in red.
3:38 PM
Stock Market LIVE Updates: Nifty settles 43.4 pts lower at 23,559.95
Stock Market LIVE Updates: NSE Nifty settled 43.4 points or 0.18 per cent lower at 23,559.95.
3:35 PM
Stock Market LIVE Updates: Sensex closes 197.97 pts lower at 77,860.19
Stock Market LIVE Updates: BSE Sensex closed 197.97 points or 0.25 per cent lower at 77,860.19.
3:29 PM
Stock Market LIVE Updates: MRF, Hero MotoCorp, ITC, 37 others to trade ex-date next week
Stock Market LIVE Updates: Shares of ITC, MRF, Gulf Oil Lubricants, Cochin Shipyard, REC, UNO Minda, Hero MotorCorp, and 37 other companies are set to gain investors' attention during the next week from Monday, February 10, 2025, to Friday, February 14, 2025, on account of dividend announcements for their shareholders.
BSE data suggests that these companies' shares are set to trade ex-dividend during next week. Notably, the ex-date marks the day a stock begins trading without dividend entitlement, meaning investors must own the stock before this date to receive the payout. The company, however, determines the list of eligible shareholders based on their records on the record date. Read more
BSE data suggests that these companies' shares are set to trade ex-dividend during next week. Notably, the ex-date marks the day a stock begins trading without dividend entitlement, meaning investors must own the stock before this date to receive the payout. The company, however, determines the list of eligible shareholders based on their records on the record date. Read more
3:24 PM
Stock Market LIVE Updates: Mazagon Dock Shipbuilders Q3 net profit rises 30% to Rs 768 crore
Stock Market LIVE Updates: Mazagon Dock Shipbuilders on Friday reported a 30 per cent rise in its consolidated net profit at Rs 768.22 crore for the third quarter (Q3) of the financial year 2024-25 (FY25), up from Rs 591.54 crore reported during the same period last year.
Consolidated revenue from operations grew by 33 per cent year-on-year (Y-o-Y) at Rs 3,143.62 crore from Rs 2,362.47 crore. Read more
3:14 PM
Stock Market LIVE Updates: Market slightly disappointed by RBI not giving surplus liquidity: Julius Baer
Stock Market LIVE Updates: The RBI has cut policy rates by 25 bps while maintaining a neutral stance, with no CRR cut. A more flexible approach to rate targeting suggests the central bank may not wait for CPI to hit 4 per cent before acting—marking a shift from its earlier tightrope strategy.
Liquidity management remains a priority, with the RBI committed to ensuring sufficient but not surplus liquidity, which could leave markets slightly disappointed. A back-to-back 25 bps rate cut in April is possible but contingent on the evolving liquidity scenario in the coming months.
View by Unmesh Kulkarni, managing director senior advisor, Julius Baer India
View by Unmesh Kulkarni, managing director senior advisor, Julius Baer India
3:10 PM
Stock Market LIVE Updates: Aadhar Housing shares gain 5% on posting healthy Q3 results
Stock Market LIVE Updates: Aadhar Housing Finance shares gained 5.1 per cent on Friday, logging an intraday high at Rs 413 per share on BSE. The stock advanced after the company posted Q3 results.
Around 2:50 PM, Aadhar Housing shares were up 2.89 per cent at Rs 404.15 per share on BSE. In comparison, the BSE Sensex was down 0.63 per cent at 77,566.37. The market capitalisation of the company stood at Rs 17,405.91 crore. The 52-week high of the stock was at Rs 516.65 per share and the 52-week low was at Rs 293.35 per share. Read more
2:54 PM
Stock Market LIVE Updates: ITC Hotels trades higher for 3rd straight day; up 3% in subdued market
Stock Market LIVE Updates: ITC Hotels share price moved higher by 3 per cent to Rs 177.50 on the BSE in Friday's intraday trade, extending its past two days' gain, in an otherwise subdued market. In comparison, the BSE Sensex was down 0.67 per cent at 77,532 at 2:33 PM. READ MORE
2:47 PM
Stock Market LIVE Updates: RBI rate cut: Real estate firms expect mid-housing segments to thrive
Stock Market LIVE Updates: Real estate industry leaders expect the repo rate cut of 25 basis points to 6.25 per cent by the Reserve Bank of India (RBI) to boost housing demand, particularly in the mid-housing segment. Realtors are banking on the rate cut, along with the revised income tax slabs and the "SWAMIH 2" fund of Rs 15,000 crore announced by Union finance minister Nirmala Sitharaman in the Union Budget on February 1. READ MORE
2:41 PM
Hyundai Motor India hits over 2-month high; surges 5% on heavy volumes
Thus far in February 2025, the stock surged 15% after the company registered a 10.5% YoY growth in exports in January 2025 on the back of stable demand for its products in the overseas markets. READ MORE
2:30 PM
Britannia down 2% on posting Q3 results; Should you buy, sell or hold?
In the third quarter ended December 31, 2024, Britannia reported a 5 per cent increase in consolidated net profit to Rs 582 crore for the three months ended December 31 as compared to Rs 556.39 crore a year ago. The company reported a revenue of Rs 4,592.62 crore for Q3 as against Rs 4,256.33 crore a year ago which implies a rise of 7.9 per cent. READ MORE
Topics : stock market trading Markets Sensex Nifty MARKETS TODAY BSE Sensex NSE Nifty Nifty50 Q3 results Indian stock markets S&P BSE Sensex stock markets share market BSE NSE RBI Policy
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First Published: Feb 07 2025 | 1:38 PM IST
