The Surprise Move Came Just as Indian Equites Had Lost Momentum, with the nifty retreating over the previous two weeks amid concerns amid concerens and global trade uncertainty. Rate-sensitive stocks, LED by Real Estate, Financials, and Auto, Emerged as Top Performs, While Expectations of an Above-Normal Monsoon Lifted the fmcg pack.
Stock Market Today: 10 Key Highlights
Here are 10 key highlights of the Indian Stock Market Today:
1. Nifty 50 and senses end with over 1% gains each
A Deeper-That-Expected Repo Rate Cut and Additional Liquidity Infusion Through a CRR CUR CUT Pushed Both The Nifty 50 and Sensex Higher, with Each Each Each Each Session Up Over 1%. The nifty 50 closed with a gain of 252 points, or 1.02%, at 25,003, while the sensex jumped 443 points, or 1%, to close at 82,188.
Today’s RBI-LED Boost also turned the nifty 50’s weekly return to positive at 1.02% and the sensex’s to 0.91%.
2. HDFC Bank, Bajaj Finance, and 3 Other Stocks Contribute 48% to Nifty 50’s Gains.
A healthy 1.5% gain in HDFC Bank Shares Contributed 48 Points to the Nify 50’s 50’s Rally of 252 Points. Bajaj Finance (Bajfinance) Added 25.44 Points, Axis Bank Contributed 23 Points, While M & M and Shriram Finance Added 13 And 11 Points, Respectively.
3. Nifty realty: Top Sectorral Performer
Among the 13 sectorral indices, the nifty realty index emerged as the top performer, Gaining over 4.68% as investor optimism grew that the 100 basis point COR CORR COULD EECOREGE URBAN HOABUYERS In Fact, Real Estate Stocks Had Gained Traction on Dalal Street Ahead of the RBI’s MPC Meeting, Fuled by Growing Expectations of a Rate Cut.
A Strong Surge in Banking Stocks-Including IDFC First Bank, AU Small Finance Bank, Axis Bank, And Indusind Bank-Helped the Nifty Bank Index Touch a Fresh 52-WOKHH of 56,584 and Ended the day With a gain of 1.47%. Other sectorral indices, including Nifty Auto, Nifty FMCG, Nifty Consumer Durbles, and NIFTY OIL and GAS, have also also also also gained over 0.60%.
4. MID-Caps Outperform
While The Frontline Indices Ended With Solid Gains, Mid-Cap Stocks Outpermed Large-Cap Stocks, with the Nifty Midcap 100 Index Rising 1.21%-Rit’s biggest Gain Since May 12, WHEN ITS 4.12%. Today’s Rally also also pushed the index’s weekly return to 2.4%.
In addition to mid-cap counters, small-cap stocks also performed well, as the nifty smallcap 100 index rallied by 0.80%.
5. 45 nifty 50 stocks end in green
The broad-based rally LED 45 nifty 50 constituents to close in the green, with financial stocks including shriram finance and bajaj finance emerging as top gainers, ralrying 5% and 5%, respectively.
Private Banking Counters Such as Axis Bank, Indusind Bank, And Kotak Mahindra Bank Zoomed Over 1.6%, While Auto Stocks Like Eicher Motors, Hero Motocorp, Hero Motocorp, Maruti Suzuki India, and Mahindra India Mahindra Jumped Between 1.6% and 3%.
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