The Indian stock market, including the Sensex and Nifty 50, closed with losses on February 7, despite a 25 bps rate cut by the Reserve Bank of India, marking the third consecutive session of losses.

The Nifty 50 has dropped 4.4 per cent since the last policy meeting in December, impacted by weak corporate earnings and a slowing economy.

Highlight: FMCG and PSU Bank shares bore the brunt of the selling on Friday after RBI, as expected, announced a 25 bps rate cut. Mid- and Small-cap indices finished on a mixed note.

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.

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

The Reserve Bank of India's recent 25 basis points repo rate cut failed to uplift market sentiment, as the Sensex and Nifty 50 extended their losses amidst global uncertainties and domestic concerns

Indian stock market benchmarks, Sensex and Nifty 50, continued to decline for a second session on February 6, ahead of the RBI's monetary policy decision. The Sensex fell 213 points to 78,058.16, while Nifty 50 dropped 93 points to 23,

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).