SENSEX falls after RBI decision on Indian stocks

On Thursday, the Indian stock market stopped rising the previous day to $79,112, which depreciated 356 points (0.4%) in morning trading, and Nifty 50 dropped below $24,250.

The BSE mid-cap index remained flat, and the small-cap index rose 0.4%. The BSE mid-cap index remained flat, and the small-cap index rose 0.4%. All sector indices except media, healthcare, and pharmaceuticals were in the red, and IT, metals, and oil and gas fell 1%.

The central bank also left the 2025 economic growth rate forecast unchanged at 7.2% and the inflation forecast at 4.5%.

BSE Sensex followed Wednesday's Wall Street decline, with yields rising due to sluggish US bond tenders.

Traders expect consumer prices and producer prices for China, India's largest trading partner, to be announced on Friday.

Declines in Infosys (-2.1%), BPCL (-2.0%), Power Grid (-1.9%), Tata Consumer Products (-1.6%), and JSW Steel (-1.6%) were noticeable.

Godley Consumer Products announced lower-than-expected first-quarter results and plummeted 3.6%.