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Stock Market Closing: After a spectacular rise, the market closed with a decline today, Nifty closed below 24,700, Sensex closed at 81,709.

by Aaryan Srivastav
December 6, 2024

Business News Desk – This week saw a recovery in the domestic stock markets, however, due to light profit-booking on Friday, the last day of the week, the five-day gain came to a halt. The markets were closing in the green for five consecutive days. Today closed in the red. The markets closed down after trading in the range following monetary policy. But after the cut in CRR (Cash Reserve Ratio), buying was seen in public sector bank shares. Nifty closed 30 points down at 24,677. Sensex closed 56 points down at 81,709 and Nifty Bank closed 94 points down at 53,509. The stock market had a flat start today ahead of RBI’s monetary policy. Nifty and Sensex were seen swinging between red and green marks. Sensex opened 122 points up at 81,887. Nifty opened 21 points up at 24,729 and Bank Nifty opened 31 points up at 53,634.

However, after this the index slipped slightly and flat trading was seen in early trade. In his address, the RBI Governor said that the Monetary Policy Committee has decided to keep the repo rate stable, while the CRR (Cash Reserve Ratio) has been reduced by 0.50 percent. There was a decline in the market with the address, but after this the market seemed to recover from the lower levels.

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RBI approves disinvestment in Canara Robeco AMC and Canara HSBC Life through IPO
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