June 6, 2025 4:48 PM
RBI’s rate cut boosts markets; Nifty closes above 25,000
India's benchmark indices surged on Friday after the Reserve Bank of India (RBI) reduced the repo rate by 50 basis points to 5.50 per cent and the cash reserve ratio (CRR) by 100 basis points, in four tranches. The Sensex gained 746.95 points, or 0.92 per cent, to close at 82,188.99, while the Nifty rose 252.15 points, or 1.02 per cent, to end at 25,003.05. The rally was led by banking stocks. The Nifty Bank index closed at 56,578.40, up 817.55 points or 1.47 per cent. During the session, Bank...