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  5. Market Wrap, February 7: SENSEX, NIFTY50 fall for 3rd session as RBI rate cut fails to cheer investors; 101 stocks hit 52-week low

Market News

Market Wrap, February 7: SENSEX, NIFTY50 fall for 3rd session as RBI rate cut fails to cheer investors; 101 stocks hit 52-week low

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By Upstox News Desk

3 min read | Updated on February 07, 2025, 16:51 IST

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SUMMARY

At close, the S&P BSE SENSEX stood at 77,860.19, falling 197.97 points, or 0.25%, while the NSE's NIFTY50 index ended at 23,559.95, down 43.40 points, or 0.18%

Though the market rebounded after RBI's announcement but it eventually gave up the gains and slipped to red again. Image: Shutterstock

Though the market rebounded after RBI's announcement but it eventually gave up the gains and slipped to red again. Image: Shutterstock

The equity benchmark indices on Friday continued with decline for the third consecutive session as the Reserve Bank of India’s (RBI) repo rate cut failed to impress the investor.

At close, the S&P BSE SENSEX stood at 77,860.19, falling 197.97 points, or 0.25%, while the NSE's NIFTY50 index ended at 23,559.95, down 43.40 points, or 0.18%.

The Reserve Bank of India (RBI), in its latest monetary policy meeting, which was held between Wednesday, February 5, and Friday, February 7, decided to cut the repo rate by 25 basis points (bps) to 6.25% from 6.5% earlier. This was the RBI's first monetary policy meeting in the calendar year 2025.

Though the market rebounded after the announcement but it eventually gave up the gains and slipped to red again.

RBI Governor Sanjay Malhotra, in his address, said that the six-member Monetary Policy Committee (MPC) of the RBI unanimously decided to cut the rate by 25 basis points.

The governor further said that the rate-setting panel unanimously decided to continue with a 'neutral' monetary policy stance.

Also read: RBI slashes repo rate to 6.25%: Check how much you may save on home and auto loan EMIs

Globally, European markets were trading mostly lower. US markets ended mostly higher on Thursday.

In Asian markets, Seoul and Tokyo settled lower while Shanghai and Hong Kong ended in the positive territory.

Global oil benchmark Brent crude climbed 0.73% to $74.83 a barrel.

Here are the key developments of Friday’s session that you need to know.
Market statistics

As many as 4,064 stocks traded on the BSE on Thursday. Out of this, 2,402 declined and only 1,520 stocks advanced while 142 scrips remained unchanged.

A total of 60 stocks hit their 52-week highs while 101 stocks touched their one-year lows. Besides, only 10 stocks hit their upper circuit limits and only 4 touched their lower circuit bands on Friday.

Top gainers and losers As many as 28 stocks on the NIFTY50 index traded positive, while the remaining 23 closed in red. The top five gainers on the index were Tata Steel, ITC Hotels, Bharti Airtel, JSW Steel and Trent, rising as much as 4.24%.

The top five losers were ITC, State Bank of India, Britannia, Adani Ports, Tata Consultancy Services (TCS), declining as much as 2.49% on the 50-share index.

Also read: Bharti Airtel, SBI, Tata Steel, ITC, Bikaji Foods: Check top buzzing stocks for the day
Broader market

The broader market closed mixed with the BSE MidCap index ending at 43,039.97, gaining 55.02 points, or 0.13%, while the BSE SmallCap index settled flat at 50,581.39 levels, tanking 341.27 points, or 0.68%.

Sector watch BSE Oil and gas (-01.21%), FMCG (-1.25%), Energy (-1.07%), Industrial (-0.73%) and Capital Goods (-0.73%) were the biggest sectoral losers while BSE Telecommunications (2.64%), Metal (2.40%), Consumer Durables (1.23%), Auto (0.64%) and Teck (0.46%) were biggest gainers.
Also read: SBI, Axis Bank, BoB, M&M, and Uno Minda: Banking, financial stocks trade lower after RBI rate cut, autos shine
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About The Author

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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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