Stock markets fall for second day ahead of RBI policy decision; Airtel, ITC major drag
The Hindu
Sensex and Nifty slide amid RBI caution, foreign fund outflows; market awaits monetary policy decision.
Benchmark indices Sensex and Nifty slid for the second consecutive day on Thursday (February 6, 2025) amid caution ahead of the RBI's monetary policy decision and fresh foreign fund outflows.
The 30-share BSE Sensex dropped 213.12 points or 0.27% to settle at 78,058.16. During the day, it tumbled 427.29 points or 0.54% to 77,843.99.
The NSE Nifty declined 92.95 points or 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 major laggards.
Adani Ports, Infosys, Axis Bank, HCL Technologies, Tech Mahindra and IndusInd Bank were among the gainers.
Foreign Institutional Investors (FIIs) turned net sellers on Wednesday (February 5, 2025) offloading equities worth Rs 1,682.83 crore, according to exchange data.
The Reserve Bank of India (RBI) on Wednesday (February 5, 2025) started deliberations on the monetary policy and the decision will be announced on Friday (February 7, 2025).
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