Sensex Today | Stock Market Highlights: Indices snap 5-day gaining streak as RBI maintains repo rate but cuts CRR
Sensex Today | Stock Market Highlights: Indian equity benchmarks Nifty 50 and Sensex ended their five-day rally on Friday (December 6) as the Reserve Bank of India (RBI) kept the repo rate unchanged but reduced the cash reserve ratio (CRR). The Sensex closed 57 points lower at 81,709, while the Nifty slipped 31 points to finish at 24,678.
The Nifty Bank index underperformed, dropping 94 points to 53,510, marking a decline of 400 points from its intraday high. Midcap stocks showed resilience, with the Nifty Midcap Index rising 263 points to end at 58,705, outperforming the broader indices.
In sector-specific action, auto stocks witnessed gains as Maruti Suzuki rose 2% following its announcement of a price hike effective January. Bajaj Auto and Tata Motors were among the top gainers in the segment, advancing 2-3%.
Samvardhana Motherson’s stock climbed 2% after the company announced the acquisition of Japan-based Atsumitec for $57 million. Shares of RITES gained over 3% after securing a contract worth ₹148.25 crore, while Ramco Systems rose 2% on its partnership with Korea-based firms for digital transformation initiatives.
