Share Market Today: Indian stock market closed flat on Friday after the RBI Monetary Policy Committee (MPC) announced its decision on repo and CRR rates. Selling was seen in IT, financial services, and pharma sectors, while buying was seen in auto and metal stocks. Sensex closed down 56.74 points or 0.07 percent at 81,709.12 and Nifty closed down 30.60 points or 0.12 percent at 24,677.80. In the outcome of the RBI MPC meeting, the repo rate was kept steady, but a 50 basis point cut in CRR was seen as the main highlight.

The gain here

By keeping the repo rate unchanged at 6.5 percent and cutting CRR by 50 basis points to 4 percent, the central bank has infused Rs 1.16 lakh crore into the banking system. Nifty Bank closed 94.05 points, or 0.18 percent, down at 53,509.50. The Nifty Midcap 100 index closed 263.05 points, or 0.45 percent, up at 58,704.60. The Nifty Smallcap 100 index closed 158.55 points, or 0.82 percent, up at 19,492.10.

Experts' opinion

Krishna Appalla of Capital Mind Research said the broader markets witnessed a decent recovery this week, with the Nifty gaining 3.2 percent, while the midcap and smallcap indices rose 3.5 percent and 3.3 percent respectively. "FIIs also showed a slow withdrawal, as data for the first week of December showed net cash inflows of about Rs 14,000 crore into the market. This is a relief after the persistent selling pressure in November," Appalla said.

This was the condition of Sensex

B.harti Airtel, Asian Paints, IndusInd Bank, Bajaj Finserv, Reliance, Infosys , and UltraTech Cement were the top losers in the Sensex pack. Tata Motors, Axis Bank, Maruti, L&T, and ITC were the top gainers. Vipul Bhowar of Waterfield Advisors said that RBI's repo rate decision reflects a careful balance between managing inflation and promoting economic growth in the context of challenging conditions and an unpredictable global economic environment.