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.
Among the stocks, Coal India, ONGC, Bajaj Auto, Reliance Industries, and NTPC were the top five gainers among the Nifty 50 basket.
At 9.37 am this morning, Sensex traded at 59,892.18 points, up 348.22 points or 0.58 per cent, whereas Nifty traded at 17,770.30 points, up 113.95 points or 0.65 per cent.
the key market indices lost ground on Tuesday after rising for seven straight days.
Indices of Indian markets fell on Tuesday after gaining for seven consecutive days as BSE Sensex dipped 287.70 points to 59,543.96 while Nifty50 went down by 74 points to settle at a 17,656 level.
At 9.42 am, Sensex traded at 59,854.76 points, up 23.10 points or 0.039 per cent, whereas Nifty traded at 17,749.35 points, up 18.60 points or 0.10 per cent.
