Stock markets fall for second day ahead of RBI policy decision; Airtel, ITC major drag

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Global lipid benchmark Brent crude roseate by 0.60% to $75.06 a barrel. File | Photo Credit: PTI

Benchmark indices Sensex and Nifty slid for the 2nd consecutive time connected Thursday (February 6, 2025) amid caution up of the RBI's monetary argumentation determination and caller overseas money outflows.

The 30-share BSE Sensex dropped 213.12 points oregon 0.27% to settee astatine 78,058.16. During the day, it tumbled 427.29 points oregon 0.54% to 77,843.99.

The NSE Nifty declined 92.95 points oregon 0.39% to 23,603.35 with 30 of its constituents closing lower.

Among Sensex scrips, Bharti Airtel, Titan, NTPC, State Bank of India, ITC, Tata Steel, Mahindra & Mahindra and Tata Motors were the large laggards.

Adani Ports, Infosys, Axis Bank, HCL Technologies, Tech Mahindra and IndusInd Bank were among the gainers.

Foreign Institutional Investors (FIIs) turned nett sellers connected Wednesday (February 5, 2025) offloading equities worthy Rs 1,682.83 crore, according to speech data.

The Reserve Bank of India (RBI) connected Wednesday (February 5, 2025) started deliberations connected the monetary argumentation and the determination volition beryllium announced connected Friday (February 7, 2025).

“The benchmark indices experienced a mean diminution arsenic investors awaited the RBI’s determination connected a imaginable complaint chopped amidst the ongoing commercialized war. The broader marketplace remained cautious and successful a consolidation signifier contempt the government’s absorption connected boosting depletion to cushion little growth,” Vinod Nair, Head of Research, Geojit Financial Services, said.

In Asian markets, Seoul, Tokyo and Hong Kong settled successful the affirmative territory. European markets were trading with gains. U.S. markets ended higher connected Wednesday (February 5, 2025).

Global lipid benchmark Brent crude roseate by 0.60% to $75.06 a barrel.

The BSE barometer gauge declined 312.53 points oregon 0.40% to settee astatine 78,271.28 connected Wednesday (February 5, 2025). The Nifty dropped 42.95 points oregon 0.18% to 23,696.30.

Published - February 06, 2025 04:39 p.m. IST

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