Equity benchmark indices Sensex and Nifty continued to trade lower on Thursday after the Reserve Bank of India decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remains stubborn.
Continuous foreign fund outflows and weak trends in the US markets also drove domestic equities lower.
Gold Rate
Friday 24 Jan. 2025
Gold 24 KT
80,700/-
Gold 22 KT
75,100/-
Silver / Kg
91,900/-
Platinum
44,000/-
Recommended rate for Nagpur sarafa Making charges minimum 13% and above
Extending its early trade decline, the 30-share BSE Sensex tumbled 570.09 points to 78,897.92.
The NSE Nifty tanked 178.2 points to 24,119.30. The rate increase cycle was paused in April last year after six consecutive rate hikes, aggregating to 250 basis points since May 2022.
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