The Indian stock market, including the Sensex and Nifty 50, closed with losses on February 7, despite a 25 bps rate cut by the Reserve Bank of India, marking the third consecutive session of losses.

The stock market went into the red upon opening as trading began on Friday, February 7, the day the new Reserve Bank of India (RBI) governor Sanjay Malhotra is set to announce the interest rate decision of the Monetary Policy Committee (MPC).

Indian stock markets closed lower on Thursday, with Nifty at 23,603, as investors stayed cautious ahead of RBI’s policy announcement. While a 25 bps rate cut is expected, focus remains on growth and inflation outlook.