Stock Market Today: Sensex, Nifty Reverse Two-Week Losses; Rate Cut Boosts Nifty Bank To Record High

HDFC Bank contributed the most to Nifty 50, Nifty Bank, and Nifty Financial Services index.

Indian equity markets surged on Friday after the Reserve Bank of India delivered a sharper-than-expected 50 basis points repo rate cut and shifted its policy stance from 'accommodative' to 'neutral'. (Source: NDTV Profit)

The Nifty 50 and Sensex raillied for three days in a row as HDFC Bank hit record high after RBI boosted the economy with higher rate cuts and reduced reserve ratio requirements.
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Market At Close: Nifty, Sensex Rallies For Three Days 

  • Nifty gains more than 1% for the week, led by Eternal and Shriram Finance.

  • Sensex gains nearly 1% for the week.

  • Broader Market Indices outperformed Benchmark Indicies.

  • Nifty, Sensex snaps two weeks losing streak.

  • Nifty Midcap 150 and Smallcap 250 gain more than 2.5% each.

  • Cochin Shipyard gains more than 20% for the week.

  • Cochin Shipyard and FACT are the top gainers in Nifty Midcap 150.

  • Astrazeneca Pharma and Brigade Enterprises are the top gainers in Nifty small cap 250.

  • Nifty Midcap 150 gains for the second consecutive week.

  • Nifty small cap 250 gains for the fourth consecutive week.

  • Nifty Realty gains more than 9% for the week, becomes the top performing sector for the week.

  • Nifty Realty, Financial Services, Nifty Bank, PSU Banks gains for the fourth consecutive week.

  • Nifty Metal gains more than 2% for the week, gains for the third consecutive day.

  • Nifty Auto, IT, FMCG snaps two week losing streak.

  • Nifty gains for the second week in a row.

  • Nifty snaps 4 week losing streak.

Rupee Closes Stronger Against US Dollar

  • Rupee closed 16 paise stronger at 85.64 against US Dollar

  • It closed at 85.80 a dollar on Thursday.

Source: Bloomberg

Stock Market Live: Bajaj Holdings & Investment Sells 1.04 Crore Shares Of Bajaj Finserv 

Bajaj Holdings & Investment sold 1.04 crore equity shares of Bajaj Finserv for Rs 2,002 crore via block deal, the company said in the exchange filing.

Stock Market Today: L&T Announces India's First Listes ESG Bond Deal 

Larsen & Toubro Ltd. announced India’s first listed environmental social governance bond deal in partnership with HSBC, the company said in the exchange filing.

Stock Market Live: HUDCO Raises Funds Through NCDs 

Housing & Urban Development Corp will raise funds through non-convertible debentures. The board approves to raise upto Rs 750 crore in bonds with 6.52% coupon.

Stock Market Live: Bajaj Finserv Share Price Swings As Promoters Initiate Stake Sale Via Block Deal

Bajaj Finserv Ltd. saw its share price gain 2.35% before slipping 0.59% as promoters commenced a stake sale through a block deal. On Friday, 2.85 crore shares of Bajaj Finserv were exchanged in a substantial pre-market transaction.

The scrip rose as much as 2.35% but later slipped 0.59% to Rs 1,932.50 apiece.

Europe Market Update: Euro Stoxx 50 & CAC 40 Fall Due To US Economy Concerns

Most markets across Eurozone decline Friday as concern rose about the US economy after unemployment claims rose more than expected. Moreover, Tesla Inc slumped over 14% following a virtual brawl between US President Donald Trump and Tesla CEO Elon Musk.

Euro Stoxx 50 and CAC 40 were trading 0.09% and 0.11% down, respectively as of 2:04 p.m. DAX fell 0.23%.

Stock Market Live Update: ZF Commercial Promoter To Offload 3.16% Stake 

ZF Commercial Vehicle Control Systems India Ltd.'s promoter WABCO Asia will sell 3.16% stakes in the company, the company said in an exchange filing.

Stock Market Live: IndusInd Bank Share Price Starts To Gain After RBI Deputy Governor's Comment

IndusInd Bank share price rose 3.76% to Rs 833.4 apiece after Reserve Bank of India Deputy Governor Swaminathan J said that the issue regarding the private lender will likely resolve soon. He said this in the post-policy press conference. Governor Sanjay Malhotra refrained from commenting on the bank.

Also Read: IndusInd Bank Share Price Rises After RBI Governor's Comment On Issues

Stock Market Live: Stocks Of Most Gold Loan Companies Surge Post RBI Governor's Remark

Shares of most gold loan companies rose after the Reserve Bank of India Governor Sanjay Malhotra said that loans amounting 2.5 lakh against the precious metal will likely be exempted from the upcoming latest Gold loan norms.

Last week, the Finance Ministry suggested RBI to exempt small borrowers in the draft gold loan norms. The Department of Financial Services suggested to exempt borrowers availing loans under Rs 2 lakh.

Stock Market Live Update: Lower Borrowing Cost, Liquidity Push, Declining Inflation Driving Nifty, Sensex Higher 

Indian equity markets surged on Friday after the Reserve Bank of India delivered a sharper-than-expected 50 basis points repo rate cut and shifted its policy stance from 'accommodative' to 'neutral'. The Nifty reclaimed the psychological 25,000 mark, while the Sensex jumped over 1,000 points from the day's lows.

Find out the factors behind markets' rally on Friday here.

Stock Market Live Update: Nifty Auto Index Emerges As Second Top Sectoral Performer 

The Nifty Auto rose as much as 1.20% intraday, following the Reserve Bank of India's Monetary Policy Committee decision to reduce the key lending rate by 50 basis points to 5.5%. This move is expected to stimulate economic activity by making borrowing cheaper for businesses and consumers.

Also Read: Ashok Leyland, Maruti Suzuki Shares Jump As Nifty Auto Spikes Post RBI MPC Rate Cut

Stock Market Live: KP Group Signs MoUs with Delta Electronics For Energy Transmission Solutions

KP Group has entered into three Memorandums of Understanding (MoUs) with Delta Electronics to enhance energy transmission solutions, KPI Green Energy said in an exchange filing.

Stock Market Live: RBI MPC Press Conference Started 

The Reserve Bank of India's Monetary Policy Committee's post meet press conference started. Track live updates here.

Stock Market Live: Nifty Realty Hits Five-Month High As RBI Rate Cut To Boost Demand

The Nifty Realty index rose 4.47% to 1037.45, the highest level since Jan 6.

Also Read: Nifty Realty Hits Five-Month High After RBI Rate Cut Exceeds Expectations

Muthoot Microfin Rates RBI Policy Outcome 10/10

"RBI monetary policy is 10/10, it has an all-round focus, maintaining growth momentum, by cutting rates by 50 bps, liquidity infusion by cutting CRR by 100 bps over the year and targeting inflation at 3.7%. “It is great to see both GOI fiscal policy and RBI monetary policy working in tandem to propel the Indian economy to a new growth trajectory. It augurs well for the industry and our country”
Sadaf Sayeed, CEO, Muthoot Microfin

Stock Market Live: Nifty Finance Jumps To Record High

The NSE Nifty Financial Services index rose 1.89% to a record high of Rs 26,885.8. HDFC Bank Ltd. is the top contributor to the index. Financial services stocks are rising as rate cut and CRR cut both will infuse liquidity in the system and help policy transmission.

Stock Market Live: HDFC Bank Share Price Hits Fresh High As RBI Cuts Rate More Than Expected 

HDFC Bank Ltd. share price rose 2.01% to a record high of Rs 1,988.7 apiece. The stock is contributing the most to the Nifty 50 and Nifty Bank indices both.

Also Read: HDFC Bank Share Price Hits Fresh High Following RBI's Higher Than Expected Rate Cut

Stock Market Today: Nifty, Sensex Trade At Day's High 

The NSE Nifty 50 and BSE Sensex both advanced 0.83% and 0.77% higher, respectively. The indices were trading at day's high as of 11:02 a.m.

Stock Market Live: BEML To Final Dividend Of Rs 1.2/Share 

BEML Ltd. will pay final dividend of Rs 1.2 per share for financial year 2025, according to exchange filing.

Stock Market Live: Nifty Bank Hits Fresh High After RBI Cut Rate & CRR 

The NSE Nifty Bank index rose 0.80% to a record high of 56,205 as HDFC Bank Ltd. and Axis Bank Ltd. share prices led. The Reserve Bank of India reduced repo rate by 50 basis points to 5.5% against 25-bps cut expected.

The central bank also reduced the cash reserve ratio by 100 basis points to 3% in the June policy meeting. These moves are expected to boost the monetary system of the country.

Stock Market Live Update: Nifty Realty Stocks Lead Gains As RBI Reduces Rate More Than Expected 

The NSE Nifty Realty index rose the most compared to other sectoral indices after the Reserve Bank of India reduced rates more than expected. The central bank has also reduced Cash Reserve Ratio by 100 basis points.

Yield On The 10-Year Bond Recovers

  • The 10-year bond yield recovered to trade flat at 6.25%

  • Earlier, it yield on the 10-year bond falls 13 basis points to 6.13%

Source: Bloomberg

Also Read: RBI Monetary Policy Updates: CRR, Repo Rate See Sharp Cuts; Gold Loan Rules Likely To Ease

India Rupee Falls To 86 Against US Dollar Post RBI Rate Decision

  • Rupee weakened 21 paise to 86.01 against US Dollar

  • It closed at 85.80 a dollar on Thursday.

Source: Bloomberg

Yield On The 10-Year Bond Slumps To Over Three-Year Low Post RBI Rate Cut

The yield on the 10-year bond falls 13 basis points to 6.13%, the lowest level since Sept 23, 2021.

Source: Bloomberg

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Stock Market Live: Azad Engineering Gets Orders Worth Rs 421 Crore 

Azad Engineering received multiple large deals worth Rs 421 crore between Rs 1,603 and Rs 1,643. Volumes are at 21 times their 30 day average. Over 25.87 lakh shares traded across multiple large trades.

Stock Market Live: Tejas Network Share Price Advances After Receiving Rs 123 Crore Grants 

Tejas Networks Ltd. share price advanced in Thursday's session as the company receiving grants worth Rs 123 crore from the Ministry of Communication.

Also Read: Tejas Networks Receives Rs 123 Crore From Ministry Of Communications Under PLI Scheme

Stock Market Today: Ireda Share Price Drops After Board Approved Floor Price For Rs 5,000-Crore QIP

The Indian Renewable Energy Development Agency Ltd. saw its share price drop 2.23% after the board approved a fundraising initiative of up to Rs 5,000 crore through a qualified institutional placement. The board has set the floor price at Rs 173.83 per share, with the possibility of offering a discount of up to 5% on this price.

Also Read: Ireda Share Price Drops After Board Approves Floor Price For Rs 5,000-Crore QIP

Sectoral Performance At Open: Nifty Defence Rises Most 

On NSE, 10 sectoral indices advanced, three sectoral indices declined, and two remained flat out of 15. The NSE Nifty Defence rose the most, and the Nifty Finance declined the most.

Nifty Detractors: HDFC Bank, ICICI Bank Drag Nifty Most At Open 

HDFC Bank Ltd., ICICI Bank Ltd., Tata Steel Ltd., Infosys Ltd., and Bajaj Finance Ltd. weighed on the Nifty 50 index.

ITC Ltd., Dr. Reddy's Laboratories Ltd., Coal India Ltd., Bharat Electronics Ltd., and Bajaj Finserv Ltd. limited losses to the Nifty 50 index.

Stock Market Today: Nifty, Sensex Open Flat On Caution Before RBI Rate Decision 

The NSE Nifty 50 and BSE Sensex opened flat on Friday as investors remained on the sidelines before the Reserve Bank of India's rate decision. Most traders expect the central bank to deliver a quarter-basis-point rate cut.

HDFC Bank Ltd. and ICICI Bank Ltd. were top detractors of the Nifty 50 index.

The Nifty 50 and Sensex were trading 0.02% and 0.08% down respectively as of 9:23 a.m.

Stock Market Live: Nifty, Sensex Higher At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 0.01% down at 24,748.70, and the BSE Sensex was trading 0.01% down at 81,436.44.

Yield On The 10-Year Bond Opens Flat Before RBI Rate Decision

  • The yield on the 10-year bond opened flat 6.25%

Source: Bloomberg

Rupee Weakens Ahead Of RBI Rate Decision

  • Rupee opened 6 paise weaker at 85.86 against US Dollar

  • It closed at 85.80 a dollar on Thursday.

Source: Bloomberg

Stock Market Live: Nomura On India Cement 

  • First quarter FY26 spreads improve on better pricing

  • Cement spreads a leading indicator on industry unitary EBITDA

  • Our estimate suggests Rs. 165/ ton improvement for industry

  • Prices are up 12/ bag

  • Remain positive on the space led by higher volumes in FY26

  • Prefer large caps players like Ambuja, Ultratech, Shree Cement and Ramco

Stock Market Live Update: CLSA On India Consumer 

  • Urban lags rural but urban is where distribution is being challenged

  • Home and personal care companies fared worse with 4% YoY sales growth and a slight decline in Ebitda

  • Food and beverage fared a little better with 7% YoY sales growth and slight growth in Ebitda

  • QSR companies fared better with high-teen growth. -Overall, discretionary

  • consumption did better than staples.

  • Prefers F&B over HPC.

Top picks are Eternal, Swiggy, DMart, Varun Beverages, Britannia and Nestle.

Bearish on Hindustan Unilever, Godrej Consumer, Marico, Jubilant Foodworks, Asian Paints and ABFRL.

Stock Market Today: RBI MPC Meet Outcome In Focus; Traders Expect Rate Cut 

Investors keenly await the outcome of the Reserve Bank of India Monetary Policy Committee meet outcome, scheduled later today. A 25-basis-point rate cut is expected. Inflation and growth projections will be crucial to get fresh cues about the central bank's monetary policy going ahead.

Track live updates on RBI MPC Policy here.

Stock Market Today: Jefferies On India Financials 

  • RBI likely to cut rates

  • Inflation expected to stay below forecasts

  • Banking system liquidity highest in 3yrs

  • Sequential improvement seen in AngelOne numbers

  • Finance facility to buy health insurance gaining ground

  • IIFL Finance to higher bankers to beef up UHNI team

  • Zerodha sees 10-20% lower broking revenue in FY26

Stock Market Live: Morgan Stanley On Ashok Leyland 

  • Morgan Stanley updated its "Risk Reward" analysis for Ashok Leyland

  • Rated overweight; increased price target from Rs 284.00 to Rs 288.00.

  • Target increase as positive impact of stronger net cash position outweighed lower EBITDA estimates.

  • Cut their domestic MHCV volume estimates by 2% for FY26, anticipating slower demand.

  • Increased their export volume estimates due to continued strong performance internationally.

  • Overall, their total volume estimates remain broadly unchanged.

  • Weaker realizations in Q4FY25 toned down Average Selling Price estimates for FY26 and FY27.

  • Despite margin cuts EPS estimates for FY26 and FY27 remained largely unchanged

Gold Prices Rise On Hopes Of Fed Rate Cut 

Gold prices rose on Friday as unexpected increase in initial jobless claims raised hopes for a cut from the US Federal Reserve. Lower borrowing costs support bullion prices.

The Bloomberg spot gold was trading 0.32% higher at $3,363.38 an ounce as of 8:02 a.m.

Also Read: Gold And Silver Price Today — Check Prices In Mumbai, Kolkata, Chennai And More

Asia Market Update: Share Indices Rise On Hopes Of Improvement In US & China Trade Ties

Share indices in Asia-Pacific region rose on Friday as leaders of US and China held a call and agreed to further talk on trade related matters. Last week, concerns rose about two largest economies' trade relation after US President Donald Trump accused China of violating terms of the deal done in Switzerland.

The CSI 300 and S&P ASX 200 were 0.20% and 0.11% higher as of 7:33 a.m.

US Market Update: Share Indices End Lower As Tesla Shares Slump

US share indices ended lower on Thursday as Tesla Inc stock slump weighed on heavyweight technology shares. Tesla Inc slumped over 14% because of virtual brawl between Elond Musk and President Donald Trump over the latest tax cut bill.

The Dow Jones Industrial Average fell 0.25% at 42,319.74. The S&P 500 fell 0.53% at 5,939.30. The Nasdaq 100 Futures fell 0.07% at 21,567.75


Also Read: S&P 500 Rally Fades As Tesla Sinks 8%: Markets Wrap

GIFT Nifty Implies Higher Open; Bajaj Finserv, Coal India, JSW Energy Shares In Focus

The GIFT Nifty was trading 0.06% or 15 points higher at 24,849.00 as of 6:34 a.m., which implied a higher open. Investors keenly await outcome of the Reserve Bank of India's Monetary Policy Committee meeting, scheduled for later today.

Investors will keep an eye on Ashok Leyland Ltd., Bajaj Finserv Ltd., Coal India Ltd., JSW Energy Ltd., and Life Insurance Corp shares because of the news flow overnight.

The benchmark equity indices closed higher for second straight session on Thursday, after ending a three-day losing streak on Wednesday.

The NSE Nifty 50 ended 130 points, or 0.53% higher at 24,750, while the BSE Sensex closed 443.79 points, or 0.55% up at 81,442.

Also Read: Stock Market Highlights: Sensex Ends 443 Points Higher Ahead Of MPC Decision; Nifty Settles Above 24,700

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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