The Indian stock markets soared to new record highs today as investors cheered the Reserve Bank of India’s unexpected 50 basis point cut in the repo rate. The move, aimed at improving liquidity and supporting growth, triggered a broad-based rally across sectors, with financials, banking, and metals leading the charge.
The Sensex concluded at 82,188.99, reflecting an increase of 746.95 points, whereas the Nifty 50 surpassed the significant 25,000 threshold for the first occasion, finishing at 25,003.05. Despite mixed global cues, domestic enthusiasm remained strong as lower interest rates are expected to boost corporate earnings and loan growth.
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🚀 Top Gainers of the Day
🏦 Shriram Finance Surges Over 5% on Rate-Sensitive Buying
Shares of Shriram Finance Ltd spiked 5.46%, closing at ₹688.25. The NBFC witnessed robust investor interest, fueled by the central bank’s dovish stance. With traded volumes over ₹1,358 crore, market participants expect strong credit growth and improved margins for the company.
- 52-Week Low Hit Just Yesterday: ₹446
- Massive recovery in just 24 hours reflects bottom-fishing and rate sensitivity.
📈 Bajaj Finance Gains Nearly 5% Amid Bullish Sentiment
Another major non-banking financial company, Bajaj Finance, experienced a surge of 4.90%, closing at ₹9,371.50. The company saw buying across retail and institutional segments, with a traded value of ₹1,834 crore.
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Investors are betting on renewed loan demand and steady asset quality, aided by falling interest rates. Stock nears its all-time high of ₹9,660 reached in April.
🏗 JSW Steel Jumps 3.56% as Metal Stocks Regain Momentum
JSW Steel Ltd closed at ₹1,004.90, up 3.56%, as improving economic conditions and infrastructure optimism supported metal stocks.
🏛 Axis Bank Rises 3.15% with High Delivery Volume
Private lender Axis Bank advanced 3.15% to end at ₹1,194.60, riding on optimism in the banking space. With a whopping ₹1,741 crore in trade value and over 66% delivery volume.
Axis stood out as a favored pick in the banking basket. Stock has risen nearly 28% from its January low of ₹933.50.
📊 Market Outlook: Bullish Bias Continues
Market sentiment has turned decisively positive as the rate cut is expected to inject liquidity and lower borrowing costs for corporates and consumers alike. Sectors like NBFCs, banks, real estate, and infrastructure are seen as key beneficiaries in the coming sessions.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Also read: Investment Alert: Central Bank Infuses ₹451 Cr into Future Generali India Insurance
Published on: June 6, 2025 / M Vishnu
🏦 Bank Holidays in Observance of Bakrid
In observance of Bakrid, banks across most parts of India remain closed today. However, banks in cities like Ahmedabad, Gangtok, Itanagar, Kochi, and Thiruvananthapuram are operating as usual, as it’s the first Saturday of the month, which is typically a working day.
एष तेऽभिहितः सांख्ययोगः।
The one who does not follow the wheel of creation set of going in this world, sinful and sensual, lives in pain.
