D-Street cheers RBI Rate Cuts: Bank Nifty hits all-time high of 56,305, realty jumps
Banking and other rate-sensitive stocks jumped on Friday, June 6 after the Reserve Bank of India (RBI) cut the repo rate by 50 basis points and reduced the Cash Reserve Ratio (CRR) by 100 basis points. This double monetary easing appreciated the Bank Nifty in intraday trading to an all-time high of 56,305, rising to…