Finance
Stock Market close highlights, Friday, June 6, 2025: Following a volatile start, Indian equity benchmark indexes rallied sharply as investors welcomed a 50 basis point repo rate drop by the Reserve Bank of India’s Monetary Policy Committee (MPC).
After reaching an intraday high of 82,299.89, the Sensex closed at 82,189, up 746.95 points, or 0.92 percent. The Nifty50 closed at 25,003.05 levels, up 252.15 points or 1.02%.
In the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices closed with gains of 1.21 percent and 0.81 percent, respectively.
The RBI MPC announced a 50-basis-point repo rate drop today, shifting its stance from ‘Accommodative’ to ‘Neutral’ in response to global growth problems. To pump liquidity into the system, the RBI MPC announced a 100-bps decrease in the cash reserve ratio (CRR), divided into four tranches.
All sectors settled higher, with the exception of media. Godrej Properties, Oberoi Realty, DLF, Prestige, Sobha, and Macrotech Developers topped the advances in the Nifty Realty index, which rose 4.68 percent. Nifty Bank Metal, Auto, Financial Services, Consumer Durables, and IT all climbed by more than 1%.
Among the Sensex members, 28 out of 30 stocks closed higher, with Bajaj Finance, Axis Bank, Maruti Suzuki, IndusInd Bank, Bajaj Finserv, Eternal, Mahindra & Mahindra, and Tata Steel all up by more than 5%. On the other side, the sole laggards were Bharti Airtel and Sun Pharma.
Meanwhile, the fear index (India VIX), which gauges the volatility in the markets, fell 3 per cent to settle at 14.63 points.
Source: BS
