Market Performance
Indian stock markets witnessed a strong rally on Friday, driven by the Reserve Bank of India's (RBI) surprise policy moves. The Sensex surged 443 points (1%) to close at 82,188, while the Nifty 50 jumped 252 points (1.02%) to 25,003.
- Investors gained ₹3.6 lakh Crore in a single session as market capitalization rose to ₹451.1 lakh Crore.
- 45 out of 50 Nifty stocks ended in the green, signaling broad-based buying.
- Mid-cap and small-cap stocks outperformed, with the Nifty Midcap 100 rising 1.21% and the Smallcap 100 gaining 0.80%.
Main News: RBI's Double Boost Fuels Rally
The RBI announced two significant decisions that lifted market sentiment:
- Repo Rate Cut by 50 bps – Lower borrowing costs expected to spur economic growth.
- CRR Reduction by 100 bps – More liquidity for banks to boost lending.
Top Sectoral Performers
- Nifty Realty (+4.68%) – Biggest gainer on hopes of higher home demand.
- Nifty Bank (+1.47%) – Hit a 52-week high as banking stocks surged.
- The Auto, FMCG, and Oil & Gas sectors also rose by more than 0.60%.
Key Stock Movements
Top Nifty Gainers
- Shriram Finance (+5.7%)
- Bajaj Finance (+5%)
- Axis Bank, IndusInd Bank, Kotak Mahindra Bank (up over 1.6%)
- Auto stocks like M&M, Maruti, Hero MotoCorp (up 1.6%-3%)
Stocks Hitting Fresh Highs
- 119 stocks touched 52-week highs, including:
- Thirty-six stocks hit 52-week lows, including Protean eGov and Axita Cotton.
Trading Activity Highlights
- Rama Steel Tubes saw 237 million shares traded, closing 4.5% higher.
- IDFC First Bank recorded 133 million shares in volume.
- Ninety-five stocks hit their upper circuit limits, with eight stocks locking at 20%.
Summary
The RBI's rate cut and liquidity measures fueled a sharp rally in Sensex and Nifty, lifting investor wealth by ₹3.6 lakh Crore. Realty, banking, and auto stocks led the gains, while mid and small-caps also surged. With 45 Nifty stocks closing higher, the market outlook remains bullish following the policy boost.
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