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Banking stocks drive markets
Financial Express Lucknow
|June 07, 2025
Nifty reclaims 25k mark after RBI's surprise move
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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