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.
At 9.39 am, the Sensex was down 67.11 points, or 0.11 percent, and the Nifty was down 18.10 points, or 0.100 percent, at 18,127.30.
The top five stcoks in green among the Nifty 50 equities this morning were Dr Reddy's, NTPC, Divi's Labs, Adani Enterprises, and Apollo Hospitals Enterprise.
Indian markets rallied on Monday with S&P BSE Sensex surging 786 points to 60,746.86 and NSE's Nifty50 rallying 224 points to close at 18,011.35 level.
At 9.35 am, the Sensex was up 581.64 points or 0.97 percent, trading at 60,541.49 points, while the Nifty was up 173.40 points or 0.97 percent, at 17,960.20 points.
Indian markets rallied on Friday as Sensex closed 203 points up at 59,959.85 and Nifty50 rallied 49 points to end at 17,786.80, picking up on mixed global cues. The rally in Indian stock indices continued as they jumped during nine out of the past 10 sessions.
