RBI MPC: Rate-sensitive stocks rally after RBI’s 50 bps repo cut; banking, realty, auto record high

RBI MPC: Rate-sensitive stocks rally after RBI’s 50 bps repo cut; banking, realty, auto record high

D-Street was pleasantly surprised as RBI slashed the repo rate by 50 basis points on Friday, June 6, pushing rate-sensitive stocks into sharp recovery mode. The repo rate now stands at 5.5 per cent, compared to 6 per cent earlier. The central bank also shifted its stance from ‘accommodative’ to ‘neutral’, signaling a broader reset in…

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Bull run on D-Street: Hawkish RBI action helps Nifty reclaim 25,000 as rate-sensitive stocks cheer repo, CRR moves

Bull run on D-Street: Hawkish RBI action helps Nifty reclaim 25,000 as rate-sensitive stocks cheer repo, CRR moves

Indian indices rallied significantly in Friday’s trade after the RBI’s rate cut move to the tune of 50 basis points. At the close, Nifty50 settled above 25,003.05,up 1.02 per cent or 252.15, while the Sensex settled higher by 0.92 per cent or 746.95 at 82,188.99. Meanwhile, the Bank Nifty after RBI’s good enough liquidity push…

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