Share Market Today: India’s benchmark stock market indices Sensex and Nifty settles down negatively on Friday, December 06, 2024. The 30 Sensex firms settled 56.74 points lower at 81,709.12 points on Friday. The Nifty50 index on NSE also settled down with a fall. Nifty tumbled 30.60 points to settle down at 24,677.80 levels.

Sensex packed stocks like Adani Ports, Bharti Airtel, Asian Paints, Indusind Bank, Bajaj Finserv, Reliance Industries etc were among the losers. However, Tata Motors, Axis Bank, Maruti Suzuki, and ITC were among the gainers as the day’s trading ends on Friday.

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Share Market Today: Monetary Policy Statement’s Impact On

This fall is on the back of the Monetary Policy statement by RBI Governor Shaktikanta Das on Friday. Reserve Bank of India (RBI) in its 52nd Monetary Policy Committee (MPC) meeting kept the Repo Rate unchanged at 6.5%. This is the eleventh straight time when the key rate has been kept unchanged. The three day MPC meeting was kicked-off on Wednesday.

The RBI’s decision demonstrates its prudent stance on monetary policy, carefully weighing inflationary pressures against the need to foster economic growth. The MPC also decided to maintain its “neutral” policy stance. It is worth noting that the repo rate is kept unchanged due to concerns over sustained inflation and volatility in international markets. “MPC believes that only with durable price stability can we secure a strong foundation for high growth. MPC is committed to restoring inflation-growth balance in the interest of the economy,” said RBI Governor Shaktikanta Das.

Das unveiled the decision in the monetary policy statement on Friday. RBI’s stand was much in line with the expectations that the benchmark repo will be kept unchanged.

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