Markets trade higher as RBI cuts policy rate by 25 bps

Sensex and Nifty trade lower ahead of RBI's monetary policy decision: Follow The Hindu’s updates on the stock movement in BSE and NSE

Benchmark indices Sensex and Nifty were trading in the positive territory on Friday (February 7, 2025) after the RBI under new Governor Sanjay Malhotra cut interest rate for the first time in nearly five years.

The 30-share BSE benchmark Sensex traded 233.96 points higher at 78,290.08 in the late morning trade. The NSE Nifty quoted 83.40 points up at 23,686.75.

From the 30-share blue-chip pack, Bharti Airtel’s stock surged nearly 5% after the firm reported a more than five-fold jump in consolidated net profit to ₹16,134.6 crore boosted by consolidation of the Indus Tower business and benefits of tariff hikes flowing into the quarter.

Tata Steel, NTPC, Mahindra & Mahindra and Zomato were the other gainers.

The stock of ITC declined nearly 2% after the diversified entity reported a 7.27% decline in consolidated net profit to ₹5,013.16 crore for the December quarter on account of subdued demand and sharp escalation in input costs.

State Bank of India, Tata Consultancy Services, Nestle, ICICI Bank and PowerGrid were also among the laggards.

Interest rate sensitive realty and auto stocks were trading in the positive territory.