BSE Sensex and Nifty50, the Indian equity benchmark indices, ended in red today. While BSE Sensex went below the 77,600 mark, Nifty50 was below 23,500 intraday.

In currency markets, the Indian rupee hit a fresh low of 87.5 against the dollar, as expectations of a rate cut grew ahead of the RBI's interest rate decision later this week, analysts pointed out

The Indian stock market, including the Sensex and Nifty 50, closed with losses on February 7, despite a 25 bps rate cut by the Reserve Bank of India, marking the third consecutive session of losses.

The Nifty 50 has dropped 4.4 per cent since the last policy meeting in December, impacted by weak corporate earnings and a slowing economy.

The stock market closed in the red after RBI governor Sanjay Malhotra announced the decision to cut the benchmark repo rate by 25 basis points.

The 30-share BSE Sensex fell 197.97 points or 0.25 per cent to end the session at 77,860.19. The NSE Nifty 50 index settled 43.40 points or 0.18 per cent lower at 23,559.95.

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).

Indian benchmark indices, Sensex and Nifty, opened slightly higher on Thursday as optimism for an upcoming rate cut outweighed concerns over escalating global trade tensions. IT and oil & gas stocks supported the Nifty 50,