Sensex Today Extnds Gains to 4th Straight Session, RISES Over 250 Points; Nifty Above 25,100; Financials shine

Stock market today: Bulls maintained their dominance on dall street during monday’s trade, June 9, lifting the front-line indices by over 0.3%, as RBI’s Bumper Monetary Policy Measures, COPLIEDLED BITHH BETTER-Than-Expected Us Jobs Data and Signs of Progress in Us-India Trade Talks, Burght Fresh Cheer to Markets that Had Been Trading in A Narrow Range.

There was broad-based buying in today’s session, with mid-cap financial stocks leading the rally. Meanwhile, Stronger-That-Expected US Jobs Data Boosted Optimism in the It Sector, While Expectations Grew That RBI’s 50 Basis Point Cut in the REPO REPO REPO REPO REPO REPO REPO REPO REPO REPO REPO HIGHER SAILES Entry-Level Automobiles, Which Had Remained Subdued in Recent Months, Causing Auto Stocks to Spike Sharply.

Additional, Ongoing Progress in Trade Negotiations Between the US and China have supported the rally in metal counters. QSR stocks have also also attracted investor interest amid expectations of a surge in demand, as tax cuts and repo rate reductions are expected to boost space in urban India. The Gold NBFC stocks have also also maintained their Momentum Folling The Relaxation of Norms for Small-Ticket Gold Loans by RBI.

Eventually, The Nifty 50 Settled Above The 25,000 Mark for the Second Straight Session at 25,103, by Gaining 0.40%, While The Sensex Settled at 82,445, 256 POINTS, 256 POINTS, Or 0.3%, Or 0.3%, Or Previous close.

The broader market continued to dominate the front-line indices, with the nifty midcap 100 index and the nifty smallcap 100 index gaining 1.10% and 1.60%, respectively.

Sectorral Performance: Banking Stocks Shine; Realty Sees Profit Booking

Among the 13 Major Sectorral Indices, 12 Ended With Gains, LED by the Nifty PSU Bank Index, which ralied 1.52%. This was followed by nifty oil & gas, nifty it, nifty metal, and nifty auto, all ending with gains of over 0.50%.

The sole sectorral loser in today’s session was the real estate pack, where investors appeared to books Following a strong rally in recent sessions. As a result, the nifty realty index closed with a loss of 0.14%.

Commenting on Today’s Market Performance, Vinod Nair, Head of Research, Geojit Investments Limited, Said, ” Aggressive Policy of Rate and CRRA CUT Renewed optimism over us-china trade talks lifted global sentiments.

Nifty Breaks out of Consolidation, Eyes 25,700 as Sentiment Turns Bulish, Says Expert

Rupak de, Senior Technical Analyst at Lkp Securities, Said, “The Nifty has final broken out of its colleaged consolidation on the daily timeframe. Sustaining Well Above The Crucial 50-Day Moving Average (50dma). Decisive Move Above This Level Cold Trigger a Rally Towards 25,700.

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