💨 Abstract

The Indian stock market closed in negative territory on February 6, with the Sensex and Nifty declining due to cautious market sentiment ahead of the Reserve Bank of India's policy decision. The IT and Pharma sectors gained, while the broader market remained in a consolidation phase. Meanwhile, the Indian rupee weakened against the US dollar, with continued FII selling pressure and the budget's middle-class focus contributing to its depreciation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖