New Delhi, Feb. 10 -- Nifty 50 recap: 7 February

The Nifty 50 closed nearly flat on Friday, slipping into negative territory after the Reserve Bank of India (RBI) anncounced a 25 basis point cut. Markets remained volatile initially due to the policy impact but later stabilized, ending the session with minor losses. India VIX (Volatility Index) declined by 3.46%, indicating a decrease in overall market fluctuations.

The Nifty 50 index fell 43.40 points (-0.18%) to close at 23,559.95, while the Bank Nifty dropped 223.25 points (-0.44%) to settle at 50,158.85.

Sectoral trends reflected mixed sentiment-PSU Banks (-1.38%), FMCG (-1.30%), and Oil & Gas (-0.90%) saw notable declines, while Metal (+2.66%), Auto (+0.69%), and India Consumption ...