Ahead of Market: 10 things that will decide stock market action on Friday
trade war concerns.
The benchmark BSE Sensex lost 213.12 points or 0.27% to close at 78,058.16, while the broader Nifty 50 index closed at 23,603.35, lower by 92.95 points or 0.39%.
Here's how analysts read the market pulse:
The benchmark indices experienced a moderate decline as investors awaited the RBI's decision on a potential rate cut amidst the ongoing trade war, said Vinod Nair, Head of Research at Geojit Financial Services, adding that the broader market remained cautious, in a consolidation phase, despite the government's focus on boosting consumption to cushion lower growth.
“Meanwhile, the IT and Pharma sectors advanced supported by lower treasury yields after moderating US PMI data, encouraging the Fed to reduce interest rates,” Nair said.
Also read | 3 out of 4 Nifty 50 firms saw EPS cuts in January 2025: JM Financial
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