• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Stock Market Trades Flat Ahead Of Key RBI MPC Rate Cut Decision

OMMCOM NEWS by OMMCOM NEWS
February 7, 2025
in Business

Mumbai: The NSE Nifty 50 and BSE Sensex were trading almost flat early on Friday ahead of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting to announce its decision on India’s benchmark repo rate.

At 9.35 a.m., the Sensex was trading at 78,033.41, down 18 points or .024 per cent, while the Nifty was trading at 23,598.25, down −5.10 points or 0.022 per cent.

At pre-open, the NSE Nifty 50 was trading 46.15 points or 0.20 per cent higher at 23,649.50, and the BSE Sensex was trading 0.08 per cent higher at 78,119.60.

Bharti Airtel, HDFC Bank, Mahindra & Mahindra, Britannia Industries and UltraTech Cement added to the Nifty 50 index.

According to analysts, the market remains largely optimistic from the start, as indicated by the GIFT Nifty as well, underscoring a positive start for the benchmarks.

“We believe the market has already priced in the effect of a 25 bps rate cut in the past positive sessions during the week, thus any other deviation from expectations and commentary of the governor would serve as key parameters to gauge the market momentum,” said Ameya Ranadive, senior technical analyst, StoxBox.

In his first monetary policy review, RBI Governor Sanjay Malhotra is widely expected to reduce rates to spur economic growth. As a monetary policy tool, the RBI adjusts the repo rate to influence liquidity in the economy.

Traders seem to have opted for a cautious approach, preferring to book some long positions around this key level ahead of the RBI policy decision and the Delhi state election results, both of which could induce volatility.

The foreign institutional investors (FIIs) sold equities worth Rs 3,549.95 crore on February 6, while domestic institutional investors (DIIs) bought equities worth Rs 2,721.66 crore.

(IANS)

Tags: Monetary Policy Committee (MPC)NSE NiftyRBIRBI Governor Sanjay Malhotra
ShareTweetSendSharePinShareSend
Previous Post

Gambling Racket Busted During Mandei Yatra Festival; 10 Held

Next Post

K’taka HC Judgment Today On Plea For CBI Probe Against CM Siddaramaiah In MUDA Case

Related Posts

indigo
Business

IndiGo Signs Partnership To Expand Long-Haul Flights To Europe, UK, North America

June 1, 2025
Indian stock markets
Business

RBI MPC, PMI Data, FII Activity, Global Economic Indicators To Drive Stock Market Next Week

June 1, 2025
Business

Indian Bond Market Shines Amid Falling Inflation: Jefferies

May 31, 2025
Business

E-Commerce Giants Remove Walkie-Talkie Listings After Govt Cracks Down On Illegal Sales

May 31, 2025
Business

FIIs To Continue Their Investment In India Amid Robust GDP Growth: Analysts

May 31, 2025
Gautam Adani
Business

Gautam Adani Lauds First Batch Of Women NDA Cadets For Scripting History

May 31, 2025
Next Post

K'taka HC Judgment Today On Plea For CBI Probe Against CM Siddaramaiah In MUDA Case

Russia Appoints New Roscosmos Chief

Mo Bus Mayhem: Vegetable Trader Critically Injured In Cuttack Accident

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.