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RBI’s Rate Cut Lifts Realty Stocks, Indus Towers Rises on Acquisition, Ramco Cement Falls on Weak Q3
RBI’s Rate Cut Lifts Realty Stocks, Indus Towers Rises on Acquisition, Ramco Cement Falls on Weak Q3
Written by - Fisdom Research
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February 7, 2025
2 minutes
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Market Snapshot
Indian equity markets remained muted despite the RBI’s rate cut, with Sensex and Nifty closing lower for the third straight session.
The lack of clear policy direction from the RBI contributed to the subdued market reaction.
Concerns over slowing economic growth continue to weigh on investor sentiment.
The uncertainty over future rate cuts has kept markets cautious.
The RBI’s neutral stance and inflation concerns indicate a moderate rise in core inflation, adding to investor unease.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY METAL
2.7
NIFTY PHARMA
0.3
NIFTY CONSUMER DURABLES
1.0
NIFTY REALTY
0.1
NIFTY AUTO
0.7
NIFTY PRIVATE BANK
0.1
NIFTY HEALTHCARE INDEX
0.3
NIFTY IT
-0.2
Top News
Nifty Realty Index surged 1.62% as the RBI’s 25-bps rate cut boosted sentiment in the real estate sector, marking the first reduction in nearly five years.
Ramco Cement shares declined 0.59% after reporting a 6.1% YoY drop in Q3FY25 revenue, driven by muted industry demand and pricing pressures.
Indus Towers rose nearly 3% after announcing the acquisition of mobile sites from Bharti Airtel and Bharti Hexacom, reinforcing its position as India’s largest telecom infrastructure provider.
Eight Firms Set to Raise Over Rs 7,800 Crore.
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,400 – 23,350
23,800 – 23,850
Bank Nifty
50,000 – 49,700
50,500 – 50,600
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
TATASTEEL
4.2
ITC
-2.5
ITCHOTELS
3.7
SBIN
-2.1
BHARTIARTL
3.6
BRITANNIA
-1.7
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