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Market shrugs off repo rate cut, closes lower
The Morning Standard
|February 08, 2025
DOMESTIC equity market benchmarks, the BSE Sensex and NSE Nifty 50, closed in the red on Friday as the lack of immediate liquidity-enhancing measures and the status quo stance maintained by the Monetary Policy Committee (MPC) disappointed the markets.
Sensex hit a high of 78,357 and a low of 77,476 in intraday deals, a fall of about 900 points. Sensex eventually ended the day 198 points lower at 77,860. Nifty 50 settled at 23,560 - down 43 points. Friday is the third straight session when the indices have registered a decline.
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