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Markets trade lower ahead of RBI’s monetary policy decision
Jun-06-2025

Indian equity benchmarks made flat-to-negative start on Friday amid mixed global cues. Markets are trading lower in early deals ahead of the Reserve Bank of India's (RBI) monetary policy decision, with the central bank is widely expected to cut interest rates by 25 basis points for the third consecutive time. However, downside remained capped as traders took note of report that Commerce and Industry Minister Piyush Goyal has proposed to develop an industrial conclave for Italian businesses in India to promote investments. Besides, Finance Minister Nirmala Sitharaman and Kyrgyz Foreign Affairs Minister Zheenbek Kulubaev Moldokanovich have signed a protocol for enforcement of a bilateral investment treaty to foster bilateral economic relations and encourage cross-border investments between the two nations.

On the global front, Asian markets are trading mixed ahead of the U.S. Labour Department's closely watched monthly jobs report due later in the day. Back home, Union Minister Sarbananda Sonowal said India has committed $20 billion for infrastructure development, with a focus on enhancing multimodal logistics, port connectivity and trade facilitation. 

The BSE Sensex is currently trading at 81229.73, down by 212.31 points or 0.26% after trading in a range of 81176.98 and 81464.59. There were 8 stocks advancing against 22 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index fell 0.09%, while Small cap index was up by 0.08%.

The top gaining sectoral indices on the BSE were Realty up by 0.78%, Power up by 0.39%, Utilities up by 0.39%, Oil & Gas up by 0.32% and Metal up by 0.28%, while Capital Goods down by 0.42%, TECK down by 0.35%, IT down by 0.33%, Auto down by 0.29% and Telecom down by 0.28% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 0.78%, NTPC up by 0.33%, Adani Ports & SEZ up by 0.30%, Hindustan Unilever up by 0.22% and ITC up by 0.12%. On the flip side, Tata Steel down by 1.77%, Tata Motors down by 1.04%, Bharat Electronics down by 0.80%, Trent down by 0.78% and ICICI Bank down by 0.67% were the top losers.

Meanwhile, with an aim to promote investments, Commerce and Industry Minister Piyush Goyal has proposed to develop an industrial conclave for Italian businesses in India. He said Italian companies can consider setting up manufacturing units and offices in those enclaves. The government has announced to invest about Rs 28,000 crore to set up 12 industrial nodes, and build 100 industrial parks in the country.

These industrial parks can be set up in the proposed industrail corridors in different parts of the country. India would invite Italian companies to certain locations in India such as Dighi near Mumbai and Sambhaji Nagar (Aurangabad) in Maharashtra to showcase potential locations for these enclaves. 

These industrial areas will be located at Khurpia in Uttarakhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerala, Agra and Prayagraj in UP, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in Andhra Pradesh, and Jodhpur-Pali in Rajasthan.

The CNX Nifty is currently trading at 24703.70, down by 47.20 points or 0.19% after trading in a range of 24681.05 and 24763.35. There were 16 stocks advancing against 33 stocks declining, while 1 stock remain unchanged on the index.

The top gainers on Nifty were Coal India up by 1.16%, Dr. Reddy's Lab up by 0.95%, Indusind Bank up by 0.83%, Eternal up by 0.80% and JSW Steel up by 0.67%. On the flip side, Tata Steel down by 1.91%, Tata Motors down by 1.04%, Apollo Hospital down by 0.87%, Eicher Motors down by 0.84% and Bharat Electronics down by 0.84% were the top losers.

Asian markets are trading mixed; Nikkei 225 surged 86.15 points or 0.23% to 37,640.64 and Straits Times was up by 6.17 points or 0.16% to 3,923.86. On the other hand, Hang Seng declined 49.88 points or 0.21% to 23,857.09, Taiwan Weighted lost 28.9 points or 0.13% to 21,645.53 and Shanghai Composite was down by 1.99 points or 0.06% to 3,382.11.
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