Closing Bell: RBI's double booster puts Nifty above 25,000, Sensex up 747 pts

In a landmark session on June 6, Indian equity markets surged, buoyed by the Reserve Bank of India's strategic monetary policy adjustments. The Nifty index broke past the 25,000 mark, while the Sensex climbed by 747 points, reflecting investor optimism. The RBI's decision to slash the repo rate by 50 basis points and the cash reserve ratio (CRR) by 100 basis points served as a double booster, injecting much-needed liquidity into the market. The central bank's move is aimed at stimulating economic growth amid global uncertainties. By reducing the repo rate, the RBI has made borrowing cheaper, encouraging businesses to invest and expand. Meanwhile, the reduction in CRR is set to free up additional capital for banks, enhancing their lending capacity. These measures collectively signal the RBI's proactive stance in addressing potential economic slowdowns and fostering a conducive environment for growth. Market analysts have responded positively, highlighting that the RBI's actions could pave the way for a sustained rally in the coming months. Sectors such as banking, real estate, and consumer goods witnessed significant gains, reflecting broad-based investor confidence. As global markets remain volatile, the RBI's decisive steps are seen as a stabilizing force, potentially setting a precedent for other central banks to follow.

— Authored by Next24 Live