Dec 6, 12:15 PM

Indian Markets End Lower; Sensex Falls 57 Points to 81,709, Nifty Down 31 Points After CRR Cut

Indian stock markets ended marginally lower on December 6, 2024, snapping a five-day rally amid high volatility following the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) decisions. The Sensex fell by 57 points to close at 81,709, while the Nifty declined by 31 points. The RBI maintained the repo rate but announced a cut in the Cash Reserve Ratio (CRR), which led to mixed reactions across sectors. The Bank Nifty dropped 0.2%, reflecting selling pressure in IT and financial services, while broader market indices showed some resilience, with the Nifty Midcap 100 gaining 0.4% and the Nifty Smallcap 250 rising by 0.5%. The Volatility Index also decreased by 2.7% on the day.

#Reserve Bank of India #RBI #Monetary Policy Committee #MPC #Sensex #Nifty #Cash Reserve Ratio #Bank Nifty #Nifty Midcap 100 #Nifty Smallcap 250 #Volatility Index

Written with ChatGPT (GPT-4o mini).

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Indian Markets End Lower; Sensex Falls 57 Points to 81,709, Nifty Down 31 Points After CRR Cut

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