Stock Market Closing Bell 6 August 2025: Nifty Slips Below 24,600 as RBI Keeps Rates Unchanged; Global Markets Steady
By CapitalKeeper | Closing Bell | Indian Equity | Market Moves That Matter
Indian stock market ended mildly lower on 6 August 2025 after RBI maintained repo rate; Nifty closed at 24,574, Bank Nifty at 55,411. Global cues remain steady with US data in focus.
Closing Bell Report – 6 August 2025: Markets React Muted to RBI’s Status Quo Policy
The Indian equity markets closed slightly lower on Wednesday, August 6, 2025, after the Reserve Bank of India’s Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 6.5%. This outcome was largely in line with street expectations, as policymakers opted to maintain their stance amid moderating inflation but uncertain global growth dynamics.
Despite the announcement, volatility remained subdued as traders had already priced in the status quo decision. Nifty 50 ended below 24,600, while Sensex closed around 80,544. Bank Nifty showed relative resilience, closing slightly higher, indicating selective buying in banking stocks post-policy.
Index Performance – 6 August 2025
| Index | Open | Close | Change |
|---|---|---|---|
| Nifty 50 | 24,641.35 | 24,574.20 | 🔻 -67.15 pts (-0.27%) |
| Bank Nifty | 55,329.89 | 55,411.15 | 🔼 +81.26 pts (+0.15%) |
| Sensex | 80,694.98 | 80,543.99 | 🔻 -150.99 pts (-0.19%) |
| Fin Nifty | 26,338.10 | 26,371.15 | 🔼 +33.05 pts (+0.12%) |
Key Market Takeaways
- RBI Maintains Status Quo: Repo rate unchanged at 6.5%, stance remains “withdrawal of accommodation” to manage inflation while supporting growth.
- Market Reaction: Nifty saw mild profit booking post-announcement; Bank Nifty remained relatively stable, supported by PSU banks.
- Global Cues: Mixed signals from US and Asian markets kept sentiment neutral; crude oil prices hovered near $83/barrel, adding to cautiousness.
Sectoral Overview
Positive Movers
- PSU Banks: Continued to outperform with buying in SBI, Bank of Baroda, and Canara Bank post-policy.
- FMCG: Defensive demand supported ITC and Hindustan Unilever as investors sought stability amid policy event.
- Pharma: Sun Pharma and Cipla rose on fresh buying interest, supported by stable rupee movement.
Lagging Sectors
- Private Banks: HDFC Bank and Axis Bank traded weak due to margin concerns despite stable policy stance.
- IT Stocks: Infosys and TCS extended losses amid weak global tech outlook.
- Metals: Hindalco and JSW Steel faced selling pressure on weak Chinese demand cues.
Global Market Cues
- US Markets: Overnight, US indices closed mixed as traders awaited upcoming inflation and employment data for Fed guidance.
- European Equities: Marginally higher during the Indian session as bond yields cooled; investors focused on ECB commentary.
- Asian Markets: Nikkei ended higher on strong auto earnings; Hang Seng and Shanghai remained under pressure due to property market concerns.
- Commodities: Crude oil traded around $83/bbl, while gold prices steadied near $2,380/oz on safe-haven buying.
- Currency: INR hovered around ₹83.72/$ with minimal movement post-RBI policy.
Top Gainers (Nifty 50)
- ASIANPAINT– ₹2,491.20 (+2.23%) – Partnership with PPG Group
- HDFCLIFE – ₹752.55 (+1.90%) – Strong demand expectations
- TRENT – ₹5,356.50 (+0.73%) – Recover from Oversold Zone buying trend
- BEL – ₹389.70 (+0.79%) – Healthy volumes
- Adani Ports – ₹1,367.10 (+0.66%) – Co. CEO Confirms Company Is On Target To Meet FY26 Goals.
Top Losers (Nifty 50)
- Wipro – ₹239.96 (-2.42%) – IT sector weakness persists
- Sun pharma – ₹1,595.20 (-2.26%) – Pharma sector weakness
- Indusindbk – ₹803.35 (-1.93%) – Private bank profit booking
- Jio Fin – ₹326 (-1.89%) – Retracement
- TechM – ₹1,459.00 (-1.78%) – Range-bound ahead of global data
Technical Analysis
Nifty 50
- Support: 24,500 – 24,450
- Resistance: 24,700 – 24,850
- Trend: Consolidation; a close below 24,500 could trigger deeper correction, while reclaiming 24,700 may spark upside momentum.
Bank Nifty
- Support: 55,200 – 55,000
- Resistance: 55,800 – 56,000
- Trend: Positive bias supported by PSU banks; private banks need to participate for sustained rally.
Derivatives & FII Data
- Nifty Futures: OI data shows light short covering at 24,500; resistance capped at 24,800 Call strikes.
- Bank Nifty Futures: Stable OI positioning; support building near 55,000.
- FII/DII Activity: FIIs continued to sell in cash markets; DIIs absorbed selling with selective buying in PSU banks and FMCG.
RBI Policy Impact
The RBI’s decision to maintain rates was widely expected. The central bank emphasized a cautious approach amid sticky core inflation and uncertain global growth. Liquidity management measures will continue to play a key role in guiding yields and banking system liquidity in the coming weeks.
Key Triggers Ahead
- US Jobs & CPI Data: Could influence global equity flows and Fed rate expectations.
- Crude Oil Movement: Sustained rise above $83–84/bbl could raise inflationary concerns.
- Earnings Season: Stock-specific action likely to dominate in coming sessions.
- Nifty’s 24,500 Support Zone: A critical level to watch for near-term trend direction.
CapitalKeeper Insight
The market continues to trade within a defined range as participants await clarity on global data and upcoming earnings triggers. With Nifty respecting the 24,500 support zone and Bank Nifty showing relative resilience, the bias remains neutral-to-positive in the short term.
Investors should stay stock-specific, focusing on sectors like auto, FMCG, and PSU banks for defensive plays, while maintaining cautious positions in IT and metals due to global headwinds.
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