Sensex and Nifty continued their downward trend for the second day in a row on Thursday due to concerns over the upcoming RBI monetary policy decision and foreign fund outflows. The BSE Sensex fell by 213.12 points or 0.27% to close at 78,058.16, after dropping by as much as 427.29 points during the day. The NSE Nifty also declined by 92.95 points or 0.39% to settle at 23,603.35, with 30 of its components ending in the red.
Major losers among Sensex stocks included Bharti Airtel, Titan, NTPC, State Bank of India, ITC, Tata Steel, Mahindra & Mahindra, and Tata Motors. On the other hand, Adani Ports, Infosys, Axis Bank, HCL Technologies, Tech Mahindra, and IndusInd Bank were among the gainers.
According to Vinod Nair, Head of Research at Geojit Financial Services, the market experienced a mild decline as investors awaited the RBI’s decision on a possible rate cut amid global trade tensions. Despite the government’s efforts to boost consumption and support weak economic growth, the broader market remained cautious and consolidating.
