Closing Bell: Stock Market Recap: Sensex Falls 198 Points, Nifty Closes at 23,560 on February 07, 2025

On February 7, 2025, Indian stock markets ended lower despite the Reserve Bank of India (RBI) cutting the repo rate by 25 basis points (bps) to 6.25%. The central bank, however, kept its policy stance unchanged, with RBI Governor Sanjay Malhotra stating that the focus remains on controlling inflation while supporting economic growth.

The BSE Sensex fluctuated throughout the day, touching a high of 78,357 before falling to an intra-day low of 77,476, nearly 900 points down. It eventually closed 198 points lower at 77,860, marking its third consecutive losing session. However, for the week, the Sensex still gained 354 points.

Similarly, the NSE Nifty 50 moved between 23,694 and 23,443 before settling at 23,560, down 43 points.

Top Gainers and Losers

Among Sensex stocks, ITC surged 4.5%, while Bharti Airtel gained 3.5% after reporting a fivefold increase in Q3 profit. Other notable gainers included Zomato, Mahindra & Mahindra, UltraTech Cement, IndusInd Bank, Tech Mahindra, and NTPC.

On the downside, ITC and SBI dropped over 2% following their Q3 results. Adani Ports, TCS, ICICI Bank, Reliance Industries, and Power Grid also ended lower.

Sectoral Performance

The FMCG and PSU Bank indices declined by about 1.5% each, while the Oil & Gas index lost nearly 1%. However, the Nifty Metal index saw strong buying, rising over 2% during the session.

Broader Market Trends

MidCap stocks managed to close slightly higher, while SmallCap stocks saw mild losses. The India VIX, which measures market volatility, dropped by 4%.

Overall, market sentiment remained weak, with more stocks declining than advancing. Out of 4,057 stocks traded on the BSE, 2,433 ended lower, while 1,478 posted gains.

Oil Prices

As of February 07, 2025, at 03:55 PM, Brent Crude was trading at $74.97, up by 0.87%.

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