The nifty 50 rose 0.4% to 25,103.2, an eight-month high, while the bse sensex gained 0.31% to 82,445.21.
Twelve of the 13 Major Sector Advanced. High-weightage Financials Gained About 0.5%, While Private Banks and State-Owned Banks Added 1%and 1.5%.
The broader small- and mid-caps rose about 1.6% and 1.1%, respectively, with the small-caps turning positive for 2025 so far.
“The Market’s Positive Movement Reflects Investor Confidence, Stemming from Strong Economic Indicators, RBI’s Unexpected Support Support,” Said Dharan Shah, Founder, Trader.Ai, Tradonomy.Ai – ARESERCH Drinomy. AI Powered Investment Platform.
Both the nifty 50 and senses Jumped about 1% Each on Friday after the reserve bank of India cut the repo rate by a bigger-That-Expected 50 Basis Points and Lowered the Cash Reserve by 100 bps.
Other Asian Markets Advanced on the Day, Ahead of the US-China Talks in London Aimed at Mending a Trade Rift Rift Between the World’s Larget Economies. [MKS/GLOB]
Progress in US-India Trade Talks also Lifted Investor Spirit, AS BOTH COUNTIRES SEEKED CONSENSUNSUF CONSENSUF CONSUF CUTS BEFORE A AFORE AAFORE AAFORE AAFORE AAFORE, Indian Government Sources Said.
Renewed optimism over global trade has triggered another wave of buying in Indian equities, according to analysts.
It companies, which earn a significant share of rev the us, rose 1% as a robust us jobs report on friday also easy also Economic Slowdown.
Among Individual Stocks, Gold Loan Financiers Such as Manappuram Finance and Muthoot Finance Gained 7% and 4%, Respecturable, after the RBI Eased Gold Loan Rules.
Bajaj Finance and Cholamandalam Investment Rose 2.5% and 3.2% After Multiple Brokerage Saw The RBI Rate Cut and CRR Cut Boosting Non-Bank lenders.
($ 1 = 85.6525 Indian Rupees)
(Reporting by Bharath Rajeswan in Bengaluru; Editing by Sonia Chema and Sumana Nandy)
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