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Banking stocks drive markets

June 07, 2025

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Financial Express Lucknow

Nifty reclaims 25k mark after RBI's surprise move

- ANANYA GROVER & NESIL STANEY

INDIAN EQUITY BENCHMARKS outperformed on Friday, buoyed by strong gains in financial stocks after the Reserve Bank of India (RBI) announced a deeper-than-expected 50 basis point cut in the repo rate, surprising markets that had priced in a 25-bps cut.

The Nifty Bank index surged to a new all-time high of 56,695, with most constituents posting strong gains. The Nifty 50 reclaimed the 25,000-mark after eight sessions, ending 252.15 points higher at 25,003.05, following an intraday recovery of around 360 points. The BSE Sensex closed at 82,188.99, marking a two-week high.

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