Stock Market close highlights: Sensex up 747 pts, Nifty tops 25k as investors cheer RBI rate cut

Sensex Today | Stock Market close highlights, Friday, June 6, 2025: RBI MPC cut repo rate cut to 5.5%, more-than-expected. The announcement triggered a sharp rally in bank, auto, real estate stocks

3:52 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: Markets ended the week on a firm note, gaining nearly a percent, supported by favorable domestic cues. The tone was initially cautious ahead of the outcome of the MPC’s monetary policy review, but sentiment turned sharply positive following the surprise announcement of a 50-basis points repo rate cut and a staggered 100 basis points reduction in the CRR. This triggered a strong upward move, followed by a range-bound phase for the remainder of the session. Eventually, the Nifty index settled near the day’s high at 25,003.05.

 

All key sectors contributed to the rally, with rate-sensitive segments such as realty, financials, and auto emerging as top gainers, closely followed by others. The broader indices also extended their winning streak, rising between 0.8 per cent and 1.2 per cent.

 

Although the Nifty remains in a consolidation phase, the buoyancy in rate-sensitive sectors—particularly the breakout seen in the banking index—has renewed hopes of a trend resumption. A decisive breakout above the 25,200 mark in the Nifty could trigger the next leg of the rally, potentially pushing the index toward the 25,600 level.

 

Going forward, the impact of the rate cut is expected to continue influencing market sentiment. Rate-sensitive pack, along with select themes like railways, are likely to stay in focus, while other sectors may contribute on a rotational basis. We continue to recommend a “buy on dips” strategy with an emphasis on selective stock picking.

View by Ajit Mishra – SVP, research, Religare Broking Ltd.

3:45 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The stock index has moved up sharply following a bazooka policy move by the RBI. It closed above the 25,000 mark after several sessions, indicating a surge in optimism among market participants. Typically, a rally followed by consolidation often results in an upward breakout, and this time too, we expect Nifty to break out above the recent consolidation range.

On the higher side, resistance is placed at 25,150. A move above this level — or even a sustained close above 25,000 — could set the stage for the index to rally towards 25350. On the downside, support is placed at 24,850. A breach below this level may weaken the current rally and trigger some profit booking.

View by Rupak De, senior technical analyst, LKP Securities.

3:38 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap closed up 0.91 per cent and 0.43 per cent respectively.

3:36 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close

Stock Market LIVE Updates: Bajaj Finance, Axis Bank, Maruti Suzuki were among the top gainers on Sensex.

3:34 PM

Stock Market LIVE Updates: Nifty up 252 pts at 25,003

Stock Market LIVE Updates: NSE Nifty50 closed up 252.15 points or 1.02 pr cent at 25,003.05.

3:33 PM

Stock Market LIVE Updates: Sensex closes at 82,189, up 747 pts

Stock Market LIVE Updates: BSE Sensex finished up 746.95 points or 0.92 per cent at 82,188.99.

3:23 PM

Stock Market LIVE Updates: What's behind 40% surge in GMDC stock price in past one month?

Stock Market LIVE Updates: In the last one month, GMDC share price has climbed 40 per cent on the BSE as against a 2 per cent rise in the benchmark Sensex index. Reports suggest GMDC aims to spend ₹13,000 crore in capital expenditure till 2030, nearly half of which will likely be spent on the acquisition of land for various projects including the coal mining projects in Odisha. READ MORE

3:13 PM

Stock Market LIVE Updates: Investors book profit in defence shares after massive rally

Stock Market LIVE Updates: After starting higher on Friday, defence stocks lost lustre in the markets as investors booked profit in the sector and shifted focus to financials and other rate sensitive sectors. 

The Nifty India Defence index was down 1.7 per cent in fag-end, dragged by Garden Reach Shipbuilders' shares, Zen Technologies, Paras Defence, DCX Systems, Astra Microwave Products, and Data Patterns.
 

3:03 PM

Stock Market LIVE Updates: 'RBI policy today signals clear message to lower lending rates'

Stock Market LIVE Updates: The RBI has delivered a policy bonanza with the clear objective of hastening monetary transmission by the banking system and propelling growth. The RBI MPC announced a surprise 50bps cut in the policy repo rate to 5.50%, a completely unexpected 100bps rate cut in the Cash Reserve Ratio (CRR) from 2HFY26., yet accompanied by a shift in stance to neutral from accommodative. 

The outsized cut and guidance on liquidity are bold and clear signals for policy transmission to lower lending rates. Money market rates are significantly lower by 20-35 bps, while government bond yields are mixed, with short end yields lower but longer end yields somewhat higher, as prospects of further OMOs have clearly diminished. Corporate bonds in the 2–5-year segment have performed very well, with yields moving lower, along with spread compression on the back of these measures. We remain positive on our outlook for interest rates, with a focus on the short to medium end of the corporate bond curve.

Views by: Shriram Ramanathan – CIO, Fixed Income, HSBC Mutual Fund

2:52 PM

Stock Market LIVE Updates: Market breadth favours bulls

Stock Market LIVE Updates: Market bulls were leading the charge on Dala Street on Friday. Nearly 2,300 stocks were nudging higher as against 1,700 falling stocks. Market breadth was in the favour of buyers after the Reserve Bank of India delivered a double liquidity boost for the economy. 

2:43 PM

Stock Market LIVE Updates: Ganga Bath Fittings IPO sees muted response; subscription at 1.4x, GMP nil

Stock Market LIVE Updates: Today is the last day to apply for Ganga Bath Fiitings IPO. The nearly Rs 33-crore SME IPO is entirely fresh issue of 6.66 million equity shares with no offer for sale (OFS) component. The public offering is available at a price band of ₹46-49 per share. Investors can bid for Ganga Bath IPO with a lot size of 3,000 shares. READ MORE

2:31 PM

Stock Market LIVE Updates: Tejas Networks shares gain 5% on receiving ₹123 crore under PLI scheme

Stock Market LIVE Updates: Shares of Tejas Networks rose nearly 5 per cent in Friday's intraday session after the company received ₹122.96 crore from the Department of Telecommunications as the first tranche under the Production Linked Incentive (PLI) scheme. 

 

The telecom equipment and accessories maker's stock rose as much as 4.8 per cent during the day to ₹749.9 per share, the best intraday gains since May 16 per cent. Tejas Networks received ₹122.96 crore from the Ministry of Communications, Department of Telecommunications, under the PLI scheme for telecom and networking products. READ MORE

2:22 PM

Stock Market LIVE Updates: This smallcap stock soars 68% in 1 month; zooms 105% from March low

Stock Market LIVE Updates: Shares of Shankara Building Products hit an over six-year high of ₹965, as they rallied 5 per cent on the BSE in Friday’s intra-day trade. The stock price of this smallcap company was trading at its highest level since November 2018. It had hit a record high of ₹2,365 on December 5, 2017.

The company’s steel division posted its highest-ever quarterly and annual volumes, with March quarter (Q4) volumes reaching 2.58 lakh tonnes - a robust 33 per cent year-on-year (YOY) increase. For the full year, Shankara exceeded its ambitious target of 0.8 million tonnes by achieving 8.43 lakh tonnes, reflecting a 5 per cent outperformance. READ MORE

2:11 PM

Stock Market LIVE Updates: Market view on RBI rate cut

Stock Market LIVE Updates: The MPC Policy today was as dovish as it could get with MPC delivering a higher than expected rate cut of 50bps. The 100bps CRR cut which was a total surprise. Another surprise was the change in the monetary policy stance back to "Neutral" from "Accommodative", with the RBI Governor's statement mentioning that after reducing the policy repo rate by 100bps since Feb 2025, monetary policy is left with very limited space to support growth.

Thus, the yield curve, which was already steep, steepened further with shorter duration bonds outperforming. We expect the yield curve to remain steep and do not expect any further rate cuts over the next two quarters.

- Puneet Pal, head of fixed income at PGIM India Mutual Fund

2:00 PM

Stock Market LIVE Updates: 2 PM Market update

Stock Market LIVE Updates: Following a volatile start, Indian equity benchmarks witnessed a sharp rally as investors cheered RBI MPC's decision of 50-basis point rate cut. However, it changed the policy stance to 'Neutral' from 'Accommodative' given global growth challenges. 

 

At 2 PM, the BSE Sensex index was at 82,140.85, up 698.81 points or 0.86 per cent. The Nifty50 was at 24,984.95, up 234.05 points or 0.95 per cent.

1:56 PM

Stock Market LIVE Updates: RBI delivers a jumbo surprise; more reasons for INR to underperform: Nomura

Stock Market LIVE Updates: Policy repo rate was cut by 50bp to 5.50 per cent, against consensus and our expectations of a 25bp cut. The governor described this as a frontloaded rate cut, which was made possible by the durable alignment of inflation with the target.

 

The policy stance was changed to “neutral” from “accommodative”, another surprise, to signal that, with 100bp of cumulative cuts already delivered, “monetary policy is left with very limited space to support growth”.

 

Additionally, even though banking system liquidity is already in surplus, the RBI surprised by cutting the cash reserve ratio by 100bp to 3.00 per cent, which will be made effective in a staggered manner and will release ₹2.5 trillion in liquidity. READ MORE

1:44 PM

Stock Market LIVE Updates: Muthoot Fin, Manappuram gain upto 8% ahead of RBI releasing gold loan norms

Stock Market LIVE Updates: Muthoot Finance, Manappuram Finance and IIFL Finance shares jumped up to 7.7 per cent in trade on Friday, June 6, 2025. The gold financers' stock gained after the Reserve Bank of India (RBI), while addressing the press, said that loan to value (LTV) for gold loans below ₹2.5 lakh to be revised to 85 per cent from 75 per cent. 

  

At 1:17 PM, Muthoot Finance share price was up 6.34 per cent at ₹2,438.35 per share, the stock hit an all time high at ₹2,470.25 per share in trade. Meanwhile, Manappuram Finance share price was up 3.99 per cent at ₹2,43.75 per share and IIFL Finance was up  4.77 per cent at ₹449.3 per share. READ MORE

1:36 PM

Stock Market LIVE Updates: Dividend stocks: ACC, Trent & 28 others to go ex-date next week; list here

Stock Market LIVE Updates: Asian Paints, Indian Bank, Tata Elxsi and 27 other companies will be monitored by the investors next week — from Monday, June 9, 2025, to Friday, June 13, 2025 — following their announcements of dividend rewards for shareholders.

Among these, Asian Paints has announced the highest dividend, with a final payout of ₹20.55 per share. The record date for this corporate action is Tuesday, June 10, 2025. This is followed by Indian Bank, which has declared an interim dividend of ₹16.25 per share, with the record date set for Tuesday, June 10, 2025. READ MORE

1:25 PM

Stock Market LIVE Updates: 5 rate-sensitive stocks to buy with up to 26% upside

Stock Market LIVE Updates: The Reserve Bank of India (RBI) appointed the Monetary Policy Committee (MPC) on Friday, announced a larger than expected 50 basis points repo rate cut, following its 3-day policy meet from June 4 - June 6, 2025.

 

Post the policy announcement, rate-sensitive stocks across sectors - auto, banks and real estate rallied smartly on the BSE and the NSE. Given this background, here are 5 rate-sensitive stocks that can potentially rally up to 26 per cent. READ MORE

1:18 PM

Stock Market LIVE Updates: Asian shares mostly rose on Friday ahead of US Jobs Report update

Stock Market LIVE Updates: Asian shares were mostly higher Friday, ahead of an update on the US job market that will offer insights into how the economy is faring.

 

The US Labour Department is due to report how many more jobs US employers created than destroyed during May. The expectation on Wall Street is for a slowdown in hiring from April. READ MORE

1:13 PM

Stock Market LIVE Updates: CRR cut surprised mkts; RBI may await data before next rate move

Stock Market LIVE Updates: The cut in cash reserve ratio (CRR) by 100 basis points to 3 per cent that is likely to infuse ₹2.5 trillion in the system came as a surprise than the 50 basis point (bp) reduction in repo rate, said market analysts, who expect the Reserve Bank of India (RBI) to remain data-driven before cutting rates again. To read the detailed report, CLICK HERE

1:11 PM

Stock Market LIVE Updates: Expert views: Ruchit Jain on impact of RBI policy

Stock Market LIVE Updates: Market participants were expecting a 25 basis points rate cut, but the Reserve Bank of India surprised with a 50 basis points cut and a 100 basis points CRR reduction. This positive surprise could reignite an uptrend in the banking and NBFC space, which has been consolidating over the past month. The 20-day exponential moving average (DEMA) in Bank Nifty at 55,400 will act as strong near-term support, while the index may rally towards 57,000–57,400 levels in the near term.

- Ruchit Jain, head of technical research at Motilal Oswal. 

 

1:05 PM

Stock Market LIVE Updates: HDFC Bank, HDFC AMC hit record highs, SBI Cards rallies 5%

Stock Market LIVE Updates: Shares of private sector giant HDFC Bank (₹1,996.30), HDFC Asset Management Company (AMC) (₹5,140) hit their respective all-time highs and rallied up to 5 per cent on the BSE in Friday’s intra-day trade amid heavy volumes.  

 

Thus far in the calendar year 2025, SBI Card (up 45 per cent), HDFC AMC (up 22 per cent), and HDFC Bank (up 12 per cent) have outperformed the market by surging over 10 per cent. READ MORE

1:01 PM

RBI MPC Presser: Will keep monitoring banking system, says RBI Governor

1:00 PM

RBI MPC Presser: Don't need credit appraisal for gold loans up to ₹2.5 lakh, says RBI Governor

1:00 PM

RBI MPC Meeting LIVE: 'We are concerned about crypto currency'

RBI MPC Meeting LIVE: RBI governor in the presser said that he is concerned about crypto currency as it can have financial stability and monetary policy implications. 

12:59 PM

Stock Market LIVE Updates: Rate sensitive sectors lead market gains, Nifty Realty up 4.5%

Stock Market LIVE Updates: Following the RBI MPC decision to slash repo rate by 50 bps, the rate sensitive indices including Nifty Realty, Bank and Auto were trading sharply higher on Friday. At 1 PM, Nifty Realty was up 4.6 per cent, led by gains in Godrej Properties, DLF, Prestige, Oberoi Realty, Sobha and Macrotech Developers. In addition, Nifty Metal, Financial Services, Bank, Auto surged up to 2 per cent.

12:56 PM

RBI MPC Presser: 'We have enough tools to tackle global uncertainty'

12:56 PM

Stock Market LIVE Updates: IndusInd Bank MD, CEO has resigned, that should be good enough, says RBI guv

12:55 PM

Stock Market LIVE Updates: Views on RBI rate cut

Stock Market LIVE Updates: The front loading of the rate cut action plus CRR cut indicates focus is on enhancing the transmission of monetary policy. The neutral stance indicates that the bar for further rate cut is higher but isn’t completely off the table . In the next few policies we expect rbi to remain on pause.

 

The CRR cut which will infuse liquidity in H2FY26 , will ensure system liquidity remains above the 1 per cent of NDTL till March 2026. The need for further OMO purchases is much lower now.

- Gaura Sengupta, chief economist at IDFC FIRST Bank