The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,561 level, a discount of nearly 54 points from the Nifty futures’ previous close.

The stock market went into the red upon opening as trading began on Friday, February 7, the day the new Reserve Bank of India (RBI) governor Sanjay Malhotra is set to announce the interest rate decision of the Monetary Policy Committee (MPC).

The Indian benchmark indices, Sensex and Nifty opened flat on Friday, as investors awaited the Reserve Bank of India’s (RBI) monetary policy decision. With economic growth slowing and the government having already cut personal income tax to boost consumption,