From Nasdaq: 2025-06-06 06:20:00

Indian shares surged after the RBI announced a surprise rate cut of 50 bps, reducing the repo rate to 5.5% and the CRR by 100 bps to 3%. The move is expected to inject Rs. 2.5 lakh crore into the financial system and boost economic growth. Governor Sanjay Malhotra emphasized the need for further rate cuts to support growth. Positive news of U.S.-China trade talks also lifted market sentiment. The Sensex rose 0.92% to 82,188.99, while the Nifty closed at 25,003.05, up 1.02%. Rate-sensitive stocks like Bajaj FinServ and Axis Bank led the gains, surging 2-5%.



Read more at Nasdaq: Sensex, Nifty Rally As RBI Surprises With Jumbo Rate Cut