Share Market: India’s benchmark indices, Sensex and Nifty 50, settled down in red on Thursday, February 6, 2025. The Sensex tumbled by 213.12 points to settle at 78,058.16 on Thursday. Meanwhile, Nifty50 was down 92.95 points to settle at 23,603.35 points.
The market is experiencing negative sentiments after the Budget 2025. Finance Minister Nirmala Sitharaman presented the Union Budget in the Parliament on February 1. The Indian equity markets will now shift their focus to Reserve Bank of India’s (RBI) monetary policy committee meeting. The experts are expecting a repo rate cut by 25 basis points from the RBI, as the central bank has kept it unchanged for quite a long time.
Share Market: 5 Reasons Why It Is Falling
- Investors are being cautious as they wait for the Reserve Bank of India’s (RBI) interest rate decision, which is set to be announced tomorrow, February 7.
- Big companies’ stocks are performing poorly as they prepare to announce their quarterly results.
- The Indian rupee’s decline is affecting investor confidence and impacting the market.
- Foreign investors offloading from Indian equities. They bought Indian stocks worth Rs 809 crore on February 4, but they started selling again the very next day.
- The Nifty stock index couldn’t rise above the 23,800 mark.
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