RBI's 50 bps Rate Cut Boosts Sensex and Nifty to Record Highs
Key Takeaways
- RBI's 50 bps rate cut boosted Sensex by 0.92% to 82,188 and Nifty by 1.02% to 25,003.
- Nifty 50 closed at 24969.15, with 43 stocks gaining and 7 declining on June 6, 2025.
- Shriram Finance and Bajaj Finance led Nifty 50 gainers on June 6, 2025.
- Nifty expected to consolidate between 24,400-25,080, according to Bajaj Broking Research.
- Devina Mehra advises investors to stay invested in Indian markets, focusing on large-cap stocks.
Top Stories
RBI rate cut of 50 bps boosts Sensex and Nifty
On June 6, 2025, the RBI's larger-than-expected 50 basis point repo rate cut led to a surge in the Indian stock market. The Sensex closed at 82,188 after jumping 747 points (0.92%), and the Nifty rose 252 points (1.02%) to close at 25,003, with the Nifty Bank reaching a record high of 56,238.10.
Nifty recovers to 24969.15, with 43 stocks gaining
On June 6, 2025, the Nifty 50 initially declined but recovered to close at 24969.15, gaining 218.25 points. 43 stocks traded positively, while 7 were in the red.
Shriram Finance and Bajaj Finance led Nifty 50 gainers
On June 6, 2025, Shriram Finance, Bajaj Finance, JSW Steel, Bajaj Finserv, and Maruti were the top gainers on the Nifty 50 during mid-trading. Conversely, Bharat Electronics, HDFC Life, Sun Pharma, Apollo Hospitals, and Bharti Airtel were the major laggards.
Nifty expected to consolidate between 24,400-25,080
On June 6, 2025, Bajaj Broking Research anticipated a consolidation phase for benchmark indices. They expected the Nifty to fluctuate within the 24,400-25,080 range.
Devina Mehra advises staying invested in Indian markets
On June 6, 2025, Devina Mehra advised investors to remain invested in the Indian markets, even after the Nifty's rise from around 22,000. She emphasized the importance of not missing the top market days and recommended focusing on large-cap, fundamentally strong, sector-specific stocks.
Market Snapshot
Nifty 50 trades positively at 24,811, support at 24,700
On June 6, 2025, the Nifty 50 was trading at 24,811, up 0.24 percent, with support at the 24,700-24,650 region. The outlook was positive, anticipating a rise to 24,900 and higher in subsequent sessions.
Nifty 50 June Futures (24,870) flat, bullish above 24,800
On June 6, 2025, the Nifty 50 June Futures contract (24,870) traded flat, with support at 24,800-24,750. As long as the contract remained above this support, the outlook was bullish, expecting a rise to 25,000 in the coming sessions.
Top Movers
Godrej Industries top Nifty gainer, up 14.20%
On June 6, 2025, Godrej Industries Ltd. was a top Nifty gainer, closing at 1359.50, an increase of 169.00 (14.20%).
Aditya Birla Real Estate gains 9.05% on Nifty
On June 6, 2025, Aditya Birla Real Estate Ltd. was a top Nifty gainer, closing at 2355.80, up by 195.50 (9.05%).
Cholamandalam Financial Holdings up 8.34% on Nifty
On June 6, 2025, Cholamandalam Financial Holdings Ltd. was a top Nifty gainer, closing at 1940.30, up by 149.21 (8.34%).
Ujjivan Small Finance Bank gains 7.49% on Nifty
On June 6, 2025, Ujjivan Small Finance Bank Ltd. was a top Nifty gainer, closing at 47.83, up by 3.33 (7.49%).
Dr. Reddy's, Coal India among top Nifty gainers
On June 6, 2025, Dr. Reddy's Laboratories Ltd., Coal India Ltd., and IndusInd Bank Ltd. were among the top gainers in the Nifty pack, according to ETMarkets.com.
Tata Steel, SBI Life trading in the red on Nifty
On June 6, 2025, Tata Steel Ltd., SBI Life Insurance Company Ltd., and Tata Motors Ltd. were trading in the red on the Nifty, according to ETMarkets.com.