Despite a 25-basis-point repo rate cut by the Reserve Bank of India, the market closed largely in the red. However, midcap stocks continued to outperform, with the midcap index closing in positive territory.

The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,715 level, a premium of nearly 25 points from the Nifty futures’ previous close.

All eyes are now on RBI Governor Sanjay Malhotra’s first monetary policy review, which could shape the market's next significant move

Investors expect the Reserve Bank of India (RBI) will ease policy, with Governor Sanjay Malhotra's inaugural monetary policy review in the spotlight

Market experts believe that while the budget had some positive aspects, certain key areas did not meet expectations.

The stock market went into the red upon opening as trading began on Friday, February 7, the day the new Reserve Bank of India (RBI) governor Sanjay Malhotra is set to announce the interest rate decision of the Monetary Policy Committee (MPC).

The Indian benchmark indices, Sensex and Nifty opened flat on Friday, as investors awaited the Reserve Bank of India’s (RBI) monetary policy decision. With economic growth slowing and the government having already cut personal income tax to boost consumption,

The 30-share BSE Sensex fell 213.12 points or 0.27 per cent to end the session at 78,058.16. The NSE Nifty 50 index fell 68.35 points or 0.39 per cent finishing the day at 23,627.95.