Stock Market Close Highlights: Sensex sheds 213pts, Nifty at 23,603 ahead of RBI Policy; MidCaps dip
Markets Today Highlight: Broader markets also mirrored benchmarks, with Nifty Midcap100, and Nifty Smallcap100 ending down by 1.26 per cent and 0.30 per cent, respectively
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Stock Market Highlights, Thursday, February 6, 2025: Benchmark equity indices, BSE Sensex and NSE Nifty50, ended Thursday's session in negative territory as investors awaited the RBI MPC outcome scheduled for tomorrow, Friday, February 7, 2025.
The BSE Sensex shed as much as 213.12 points or 0.27 per cent to settle at 78,058.16. The index traded in the range of 78,551.66-77,843.99 on the day. Mirroring the Sensex, the NSE Nifty50 also ended lower by 92.95 points or 0.39 per cent at 23,603.35.
The Nifty50 recorded a day's high of 23,773.55, while the day's low was 23,556.25.
30 constituent stocks of the Nifty50 ended in the red, dragged down by Trent, Bharat Electronics, Bharti Airtel, ONGC, and Titan, which fell up to 8.39 per cent. Cipla, Adani Ports, Infosys, and Dr Reddy's Labs were among the constituent stocks of Nifty50 that managed to settle in the green with gains of up to 2.51 per cent.
Broader markets also mirrored benchmarks, with Nifty Midcap100, and Nifty Smallcap100 ending down by 1.26 per cent and 0.30 per cent, respectively. Sectoral indices on the NSE settled on a mixed note on Thursday.
Nifty Auto, FMCG, Consumer Durables, Realty, and Financial Services indices incurred losses, extending up to 2.19 per cent. Whereas, Nifty Bank, IT, Pharma, Private Bank, and Healthcare indices managed to eke out gains of up to 0.64 per cent.
3:54 PM
Stock Market LIVE Updates: Expert view
Stock Market LIVE Updates: Despite logging sharp gains in the first few minutes of opening trades, markets slipped into the red and moved in a narrow range with a negative bias for most part of the trading session. Investors booked profits in rate-sensitives like realty, banking, and auto shares ahead of tomorrow's monetary policy announcement. If there is any surprise rate cut, we may see short-term optimism.
View by Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
View by Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
3:48 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: The benchmark indices experienced a moderate decline as investors awaited the RBI's decision on a potential rate cut amidst the ongoing trade war. The broader market remained cautious, in a consolidation phase, despite the government's focus on boosting consumption to cushion lower growth. Meanwhile, the IT and Pharma sectors advanced supported by lower treasury yields after moderating US PMI data, encouraging the Fed to reduce interest rates.
View by Vinod Nair, Head of Research, Geojit Financial Services.
View by Vinod Nair, Head of Research, Geojit Financial Services.
3:41 PM
Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close
Stock Market LIVE Updates: Trent, BEL, Airtel were among the top losers on Nifty50.
3:38 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close
Stock Market LIVE Updates: Airtel, NTPC, Titan among top losers on Sensex.
3:36 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: BSE Midcap and Smallcap closed in red.
3:35 PM
Stock Market LIVE Updates: Sensex settles 213.12 pts lower at 78,058.16
Stock Market LIVE Updates: BSE Sensex settled 213.12 points or 0.27 per cent lower at 78,058.16.
3:34 PM
Stock Market LIVE Updates: Nifty closes 92.95 pts lower at 23,603.35
Stock Market LIVE Updates: NSE Nifty closes 92.95 points or 0.39 per cent lower at 23,603.35.
3:28 PM
Stock Market LIVE Updates: IndiGo to damp lease Boeing 787-9 from Norse Atlantic Airways for expansion
Stock Market LIVE Updates: Budget-carrier IndiGo will damp lease a Boeing 787-9 Dreamliner from Norse Atlantic Airways, with operations set to begin in March 2025, the Norwegian airlines said in a press release on Thursday. The move is part of IndiGo’s strategy to expand into long-haul routes ahead of its Airbus A350 deliveries from 2027.
“This contract represents an important milestone for Norse as we partner with one of the largest and most reputable airlines in the world. We look forward to support IndiGo’s long haul services, and to deliver an exceptional travel experience to their customers” said Bjorn Tore Larsen, CEO and founder of Norse Atlantic Airways. Read more
3:22 PM
Stock Market LIVE Updates: Auto retail sales up 7% in Jan as passenger vehicle segment rises 16%
Stock Market LIVE Updates: Automobile retail sales in the country grew 6.6 per cent year-on-year (Y-o-Y) in January, marking a “moderately positive” note after business dipped the month before.
Passenger vehicles grew almost 16 per cent in January, according to data provided by the Federation of Automobile Dealers Associations (FADA). As many as 2.29 million automobiles were sold last month and 2.15 million in January 2024. Read more
3:11 PM
Stock Market LIVE Updates: Tata Power, Bank of Baroda ink pact for financing rooftop solar projects
Stock Market LIVE Updates: Tata Power Renewable Energy Ltd (TPREL) on Thursday said it has partnered with Bank of Baroda to facilitate financing of residential rooftop solar projects under the PM - Surya Ghar Muft Bijli Yojana.
Both the entities have signed a Memorandum of Understanding (MoU), under which applicants can avail loan amounts up to Rs 6 lakh at an interest rate starting at 7 per cent per annum with both fixed and floating rate options, TPREL said in a statement. Read more
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First Published: Feb 06 2025 | 7:48 AM IST