Market remains indifferent to RBI’s rate cut, closes in red
The stock market on Friday remained indifferent to the Reserve Bank of India’s (RBI) rate cut as Sensex and Nifty closed lower for the third consecutive session.
The stock market on Friday remained indifferent to the Reserve Bank of India’s (RBI) rate cut as Sensex and Nifty closed lower for the third consecutive session.
The stock market closed lower on Wednesday due to losses in consumer stocks amid weak earnings.
The benchmark indices surged 1.8 per cent on the back of strong gains in capital goods, banking, energy, and auto stocks on Tuesday.
Stock market fell on Monday amid losses in global markets as the US President Donald Trump announced new tariffs on key trading partners, including Canada, Mexico, and China.
Stock market closed higher on Friday, a day before the announcement of Budget, for the fourth consecutive session.
The BSE IT was up 3.58 per cent to 1026.63 level with Mindtree, Infy, Latent View, LTI, Birla Soft as most active ones in the index.
Sensex was down 477.63 points or 0.78 percent, trading at 60,555.92 points, while the Nifty was down 134.30 points or 0.74 percent, at 18,022.70 points.
Nifty traded at 18,231.55 points, up 28.75 points or 0.16 percent, the Sensex opened at 61,278.82 points, up 93.67 points or 0.15 percent.
Nifty traded at 18,202.80 points, up 85.65 points or 0.47 percent, while the Sensex closed at 61,185.15 points, up 234.79 points or 0.39 percent.
Sensex was down 14.99 points, or 0.025 percent, at 9.42 am, while the Nifty was up just 1.60 points, or 0.0089 percent, at 18,054.30 points.
