Closing Bell: Sensex, Nifty Fall 137 Pts as RBI Cuts Repo Rate; Sectoral Indices Slide on April 09, 2025

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.

Market Performance

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%.

Top Losers and Gainers

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.

Sectoral Performance

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.

Oil Prices 

As of April 09, 2025, at 03:22 PM, Brent Crude was trading at $60.39, down by 2.43%. 

Conclusion 

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. 

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