Share Market Highlights: Sensex falls 379 points, Nifty at 22,399 pulled by IT, PSU Bank stocks

Stock Market Highlights, Wednesday, April 9, 2025: Benchmark market indices fell on Wednesday after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decided to lower the repo rate by 25 basis points to 6% from 6.25 percent. The six-member panel also changed its policy stance from accommodating to neutral, suggesting a desire to sustain economic development despite mounting global risks.

Despite this, the BSE Sensex slid 379.93 points (0.51 percent) to 73,847.15, while the NSE Nifty50 closed at 22,399.15, down 136.70 points (0.61 percent).

In the broader market, the BSE midcap and smallcap lost 0.73% and 1.08%, respectively.
Among the sectors indices, Nifty IT, Pharma, PSU Bank, Realty, and Healthcare all fell sharply, ranging from 1.11 to 2.25 percent.

From the Sensex pack, 17 out of 30 members closed in the red, with State Bank of India, Tech Mahindra, Tata Steel, Larsen & Toubro, and Tata Steel among the biggest laggards, down up to 3.4%.

Source: BS