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Live: Budget & Rate Cut Done – Will Nifty Resume Upmove? Eicher, LIC In Focus | Opening Bell

The Nifty 50 remained under pressure for the third consecutive session on February 7, losing 43 points amid volatility after the 25 bps rate cut by the RBI, which was in line with expectations. But key indices gained for a second straight week. If the index fails to defend the 23,500-23,400 support zone, selling pressure may extend with the negation of the higher highs-higher lows formation. However, holding above this level could take the index toward 23,800, the key resistance area, in the upcoming sessions, experts said. LIC, Oil India, NHPC are among the stocks that will react to their earnings. Meanwhile, Eicher Motors, Vodafone Idea, Nykaa will report Q3 today. Catch Nandita Khemka in conversation with Nilesh Jain, Head AVP- Derivative and Technical Research, Centrum Broking and Kunal Valia, Founder of StatLane.

first published: Feb 10, 2025 08:58 am