On the morning of April 5, benchmark indices, the Sensex and the Nifty, were trading marginally lower after the Reserve Bank of India (RBI) maintained the repo rate at 6.5 percent for the seventh consecutive time. Realty stocks showed strength among rate-sensitive sectors, while the auto sector saw a decline.
The Sensex dipped by 65.01 points or 0.09 percent to 74,162.62, and the Nifty slipped by 20.70 points or 0.09 percent to 22,494.00. Market breadth favored gainers with 1,851 shares advancing, 1,292 declining, and 95 unchanged.
India’s 10-year bond yield increased by three basis points to 7.12 percent, while the rupee depreciated to 83.42 against the US dollar.
RBI Governor Shaktikanta Das, while announcing the policy decision, noted that achieving the final stage of disinflation posed a significant challenge globally. He mentioned that services inflation remained persistent in advanced economies, although the outlook for rural and agricultural activity remained positive.
