The Indian stock market closed in the red on Wednesday, April 9, 2025, after the Reserve Bank of India (RBI) announced a 25-basis-point cut in the repo rate. Despite the rate cut from 6.25% to 6%, market sentiment remained weak as the central bank shifted its policy stance from accommodative to neutral, signalling a more cautious approach to economic growth amid global uncertainties.
The benchmark indices ended the day with losses as investors reacted to the RBI’s decision. The BSE Sensex fell 379.93 points (0.51%) to close at 73,847.15, while the NSE Nifty 50 dropped 136.70 points (0.61%) to settle at 22,399.15. The broader market also struggled, with the BSE Midcap index declining 0.73% and the Smallcap index falling 1.08%.
Some of the biggest losers included State Bank of India (SBI), Tech Mahindra, Tata Steel, and Larsen & Toubro (L&T), with these stocks falling by up to 3.4% during the session. The top gainers were Nestlé India (+3.28%), Hindustan Unilever (+2.61%), and Titan (+1.81%), with strong trading volumes on their respective dates.
Several key sectors saw significant declines during the trading session. The Nifty IT, Pharma, PSU Bank, Realty, and Healthcare sectors were among the worst performers, with losses ranging between 1.11% and 2.25%. The weakness in these sectors contributed to the overall bearish trend in the market.
As of April 09, 2025, at 03:22 PM, Brent Crude was trading at $60.39, down by 2.43%.
Despite the RBI’s rate cut, investors remained cautious as the central bank’s neutral stance indicated uncertainty ahead. Sectoral indices and broader markets also faced pressure, reflecting overall weak sentiment.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 9, 2025, 4:18 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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