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Live: RBI Policy To Chart Direction; Can A Rate Cut Push The Nifty Above 24,000? |Opening Bell

The Nifty 50 extended its weakness amid rangebound trading for another session on February 6, falling by four-tenths of a percent as traders remained cautious ahead of the RBI MPC (Monetary Policy Committee) meeting outcome. Street is factoring in a 25 bps rate cut. Experts expect consolidation to continue even though the overall trend remains positive. In the case of a correction, the index may fall to 23,400-23,450, followed by 23,200, which is considered crucial support. On the higher side, 23,800 is expected to be a crucial hurdle for the index, as above this level, 24,000 is the next key level to watch. Among stocks to watch will be ITC, Bharti Airtel, BSE and M&M. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Raj Vyas, VP Research, Teji Mandi

first published: Feb 7, 2025 08:58 am