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Indian market cheers RBI's mega decisions

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June 07, 2025

The domestic benchmark indices surged on Friday after the Reserve Bank of India (RBI) reduced repo rate by 50 basis points to 5.50 per cent and cash reserve ratio (CRR) by 100 basis points (in four tranches).

Sensex gained 746.95 points or 0.92 per cent at 82,188.99 and the Nifty rose 252.15 points or 1.02 per cent to close at 25,003.05.

The rise was led by banking stocks. Nifty Bank closed at 56,578.40, up 817.55 points or 1.47 per cent. During the day, Bank Nifty touched the level of 56,695, which is the highest level of the main banking index so far.

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यह कहानी Gulf Today के June 07, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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