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 trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,715 level, a premium of nearly 25 points from the Nifty futures’ previous close.

At the close, the 30-share BSE Sensex ended lower by 0.25 per cent or 197.97 points at 77,860.19, while the NSE Nifty50 ended with a cut of 0.18 per cent or 43.4 points at 23,559.95 points.