Stock market update: Nifty Auto index falls 0.11%
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Economic Times
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ET Market Watch: Sensex at 81K, Nifty Near 25K; RBI Rate Cut Hopes Boost Sentiment
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:Markets ended on a high note today. The Sensex jumped 443 points to close at 81,442, and Nifty rose 131 points to end at 24,750 — after briefly flirting with the 24,900 mark during the driving the rally?- Pharma and Reliance Industries led the charge, while Nifty Realty and Pharma gained the most—up 1.75% and 1.3% respectively. IT and Metal followed with modest gains.- Broader markets were upbeat too—Smallcaps up 1%, Midcaps up 0.7%.- Rs 2.4 lakh crore was added to investor wealth today, pushing BSE's market cap to Rs 447.61 lakh the global push:A weaker U.S. dollar and falling Treasury yields helped boost sentiment. The 10-year U.S. yield fell to 4.355%, raising hopes of a rate cut by the Fed. That's great news for emerging markets like home: All eyes are on the RBI's policy meeting tomorrow. Markets are betting on a 25 bps rate cut—that would make it the third cut in a row, a big boost for liquidity and are back in buying mode, pumping in over Rs 1,000 crore, while DIIs continued their buying streak, investing over Rs 2,500 finally, crude oil prices dipped—Brent at $64.85—thanks to weak U.S. demand data and Saudi price cuts.A softer dollar, falling yields, rate cut hopes, and foreign inflows—India's market bulls have plenty to cheer!
Economic Times
an hour ago
- Economic Times
Fed should cut interest rate by a full point, Trump says
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
The Hindu
an hour ago
- The Hindu
Indices rise 1% as RBI slashes repo rate by 50 basis points
Benchmark indices rose nearly 1% on Friday following the Reserve Bank of India (RBI)'s repo rate cut of 50 basis points. Markets opened lower and hit an intra-day low within hours of the opening trading session, but shot up immediately after the central bank announced easing of monetary policy. The BSE Sensex rose 0.9% to close at 82,189 points, while Nifty climbed 1% to settle at 25,003 points. Barring Nifty Media, all indices improved, with Nifty realty indices increasing over 4%. The rupee appreciated 11 paise to 85.63 a dollar in response to RBI's dovish moves and changing stance. 'This decisive, growth-driven policy move provided a significant boost to the local currency and fueled optimism among domestic equity investors,' said Dilip Parmar, senior research analyst, HDFC Securities. He, however, cautioned that a 'resurgent Dollar Index and weakening regional currencies' could limit further gains for the rupee. Going by the expectation of experts who had forecast the repo rates to settle down at 5.5% by the end of the year, the central bank front loaded the rate cuts along with cutting cash reserve ratio by 100 basis points. A basis point is 1/100th of a percentage. The RBI also changed stance to neutral from accommodative. 'From a technical perspective, Nifty posted a strong close and is on the verge of breaking above its recent swing high of 25,116. A sustained move above this level could propel the index toward 25,307…On the downside, 24,845 may offer near-term support,' said Devarsh Vakil, head of Prime Research at HDFC Securities.
