Latest news with #NiftySmallCap
New Indian Express
2 days ago
- Business
- New Indian Express
Markets close firmly higher on aggressive rate cut by RBI
CHENNAI: Indian equity markets staged a sharp recovery and ended the session on a strong note Friday, buoyed by the Reserve Bank of India's (RBI) unexpected 50 basis points repo rate cut — a move that boosted investor sentiment and triggered broad-based buying. After a choppy start, the benchmark Sensex surged to an intraday high of 82,299.89 before settling at 82,189, up 746.95 points, or 0.92%. The Nifty50 also closed firmly above the 25,000-mark at 25,003.05, rising 252.15 points, or 1.02%. The bullish momentum was mirrored across broader markets, with the Nifty MidCap and Nifty SmallCap indices advancing 1.28% and 0.92%, respectively. The rally was triggered by the RBI's Monetary Policy Committee (MPC), which delivered a surprise 50-bps repo rate cut, bringing the benchmark lending rate down amid rising global growth concerns. In a shift in tone, the central bank also moved its policy stance from 'Accommodative' to 'Neutral'. To support systemic liquidity, the RBI also announced a phased 100-basis-point cut in the Cash Reserve Ratio (CRR). Despite the aggressive front-loading of policy support, RBI Governor Sanjay Malhotra signaled limited room for further rate cuts in the near term, even as he confirmed unanimous MPC backing for the current stance.
New Indian Express
2 days ago
- Business
- New Indian Express
Indian indices surge after RBI's surprise 50 bps rate cut
CHENNAI: Indian equity markets opened on a strong note Friday, buoyed by the Reserve Bank of India's unexpected 50 basis point repo rate cut, which lifted investor sentiment and sparked a broad-based rally from early lows. The BSE Sensex rose 96 points or 0.12% to 81,538, recovering nearly 350 points from the day's intraday low. Similarly, the NSE Nifty50 gained 29 points or 0.12%, trading at 24,780, as markets welcomed the central bank's proactive move to support growth. Market Highlights The RBI cut the repo rate to 5.50%, exceeding market expectations. Governor Sanjay Malhotra noted that inflation management remains a challenge, and the move aims to balance growth concerns with price stability. The decision comes amid muted domestic demand and rising global uncertainty, with the RBI focused on cushioning the economy against external shocks such as volatile crude oil prices and global bond market volatility. Sectoral Trends Top gainers among the sectoral indices in the morning trade included Nifty Metal and Nifty Realty, each advancing around 0.6%, supported by expectations of lower borrowing costs and infrastructure push. While the lagging sectors were Nifty Auto and Nifty Financial Services were slightly in the red, down up to 0.23%, reflecting selective profit-booking after recent gains. Broader Markets The Nifty MidCap and Nifty SmallCap indices traded flat with a positive bias, each up about 0.3%, showing resilience among retail and domestic-oriented stocks. Global & Domestic Context Global equity cues remained mixed, with investor concerns lingering over US tariffs and rising global bond yields. Asian markets traded cautiously. However, on the domestic front, the RBI's larger-than-expected rate cut could encourage faster monetary transmission, lower borrowing costs, and boost credit demand. However, analysts caution that persistent inflationary risks and global volatility remain key watchpoints. Outlook According to analysts, with the RBI delivering a dovish surprise, markets may see renewed momentum in rate-sensitive sectors like real estate, infrastructure, and capital goods. Investors will closely watch commentary on future rate direction, transmission effectiveness, and evolving global conditions. Disclaimer: This report is for informational purposes only. Investors should consult certified financial advisors and refer to official RBI and exchange releases for complete insights for investment decisions.
NDTV
2 days ago
- Business
- NDTV
Sensex Up By 700 Points After RBI Cuts Repo Rate By 50 Basis Points
Mumbai: The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut — from 6 per cent to 5.5 per cent — and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent. The immediate effect of the decision was seen on the Indian stock market. The BSE Sensex index was at 82,198, up 756 points or 0.93 per cent. The Nifty50 was at 24,508, up 257 points or 0.99 per cent. In the broader markets, the Nifty MidCap and the Nifty SmallCap indices were up 1.2 per cent and 0.8 per cent, respectively. In the Sensex pack, Bajaj Finance, Axis Bank, Maruti Suzuki, Kotak Mahindra Bank and IndusInd Bank were the top gainers. Sun Pharma, Infosys, Nestle India and HCL Tech were the top losers. 'The change in monetary stance from accommodative to neutral also indicates that more rate cuts are unlikely unless the situation warrants. The credit growth that this rate cut will hopefully stimulate will compensate for the dip in margins,' said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd. Madhavi Arora, Chief Economist, Emkay Global, said that the RBI appears to have front-loaded all policy actions, be it higher-than-expected rate cuts or infusing durable albeit staggered liquidity via lower CRRs. 'All of that now implies that the ball is in the banks' court to transmit easier financial conditions faster,' Arora mentioned. Earlier, the domestic benchmark indices opened flat ahead of the key RBI MPC decision, as buying was seen in the IT and PSU Bank sectors in the early trade. India VIX declined by 4.21 per cent to 15.08, suggesting that the market is pricing in lower volatility in the near term.
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Business Standard
3 days ago
- Business
- Business Standard
Stock Market LIVE: RIL, HDFC Bank, Eternal lift Sensex 250pts; Nifty above 24,700; Smallcaps shine
Sensex Today | Stock Market LIVE on Thursday, June 5, 2025: The Nifty MidCap and the Nifty SmallCap indices added 0.40 per cent and 0.80 per cent, respectively 10:27 AM Stock Market LIVE Updates: Sacheerome IPO opens on June 9 Stock Market LIVE Updates: Sacheerome has set the price band for its IPO in the range of ₹96 to ₹102 per equity share. The minimum lot size for an application is 1,200 shares. A retail investor would require a minimum investment amount of ₹1,15,200 to bid for one lot. The minimum investment required for high net-worth individuals (HNIs) is ₹2,44,800 for two lots. 10:17 AM Stock Market LIVE Updates: Garden Reach Shipbuilders share hits fresh record high Stock Market LIVE Updates: GRSE share price gained over 3 per cent today to hit a fresh record high of ₹3,520 on the BSE. The rally in Garden Reach shares came after the company signed a Memorandum of Intent (MoI) with Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG, a Germany-based company for the construction of four follow-on 7,500 DWT Multi-Purpose Vessels. These vessels will be built as a continuation of the eight vessels currently under construction at GRSE's Kolkata contract for these vessels is expected to be finalized by 31 August 2025. 10:07 AM Stock Market LIVE Updates: Dr Reddy's Labs rallies 4%, hits over four-month high Stock Market LIVE Updates: At 09:24 AM; the stock was trading 3.8 per cent higher at ₹1,300.10, as compared to 0.17 per cent rise in the BSE Sensex. The counter saw huge trading volume, with a combined 700,000 shares changing hands on the NSE and BSE. Currently, the stock trades at its highest level since January 2025. It had hit a 52-week high of ₹1,420.20 on August 21, 2024. 9:45 AM Stock Market LIVE Updates: FIIs increase short bets in Nifty, index futures; should you be worried? Stock Market LIVE Updates: The NSE F&O data shows, FIIs net sold 17,589 contracts of Nifty futures during this period, and 1,775 contracts of Bank Nifty futures. Overall, FIIs were net sellers of 24,972 contracts of index futures in the last four trading sessions, starting from May 30, 2025 onwards. READ MORE 9:20 AM Stock Market LIVE Updates: Gainers and losers after market opens 9:17 AM Stock Market LIVE Updates: Nifty up 40 pts, above 24,650 after market opens 9:08 AM Stock Market LIVE Updates: Technical view Stock Market LIVE Updates: The Nifty ended higher yesterday and the India vix fell nearly 5 per cent, which bulls would have liked to see. 24,462 remains intact and that's keeping optimism alive. Should this level break, the market will most likely drop to key support at -23800. Short-term resistance sits between 24,760 and 24,882. Globally, stock bulls have tailwinds.
Hans India
6 days ago
- Business
- Hans India
Markets bounce back after early slump, end slightly lower
Mumbai: Indian stock markets showed resilience on Monday, recovering strongly from early losses to end just mildly lower by the closing bell. The Sensex ended the day at 81,374, down by 77 points or 0.09 per cent. However, this marked a sharp rebound of 719 points from the day's low of 80,654. Similarly, the Nifty closed at 24,717, slipping 34 points or 0.14 per cent, after recovering from its intra-day low of 24,526. Investor sentiment was weak in the morning after US President Donald Trump announced higher tariffs on steel imports. The proposed hike, from 25 per cent to 50 per cent, is expected to take effect from June 4. On top of this, rising tensions between Russia and Ukraine, volatile foreign investment flows, and caution ahead of the Reserve Bank of India's (RBI) policy decision all weighed on the market mood. Despite the shaky start, buying interest in select heavyweight stocks helped limit the damage. Shares of Adani Ports, Mahindra and Mahindra, Zomato (traded as Eternal), PowerGrid, Hindustan Unilever, Bajaj Finserv, ITC, ICICI Bank, Asian Paints, and Nestle India saw gains ranging between 0.4 per cent and 2 per cent. In the broader market, the Nifty MidCap and Nifty SmallCap indices outperformed, ending with gains of 0.62 per cent and 1.1 per cent, respectively. Among sectors, the Nifty IT and Nifty Metal indices were the worst hit, both falling 0.7 per cent due to concerns over the US tariffs. On the other hand, the Nifty Realty and Nifty PSU Bank indices emerged as the top performers, each rising over 2 per cent. "The domestic market continued its consolidation phase for the third consecutive week, influenced by renewed concerns over a potential tariff war and escalating geopolitical tensions between Russia and Ukraine,' Vinod Nair of Geojit Investments Limited said. 'While global uncertainties have led investors to adopt a risk-averse approach, the Indian market has demonstrated resilience, underpinned by robust institutional inflows and selective sectoral strength like FMCG, real estate, and financial stocks,' Nair stated. He said that under the current market landscape, investors are adopting a cautious short-term strategy, with a focus on domestically-oriented and interest-sensitive sectors.
