With the Reserve Bank of India’s (RBI) third consecutive rate cut announced on Friday – repo rate cut by 50 basis points and CRR by 100 basis points – markets showed optimistic trends, ending higher as the week’s last session closed.
While the Sensex ended 746.95 points higher at 82,188.99, Nifty concluded 252.15 points up at 25,003.05.
The biggest Nifty gainers were Shriram Finance, Bajaj Finance, JSW Steel, Axis Bank, and Maruti Suzuki, while losers were HDFC Life, Bharat Electronics, Tata Steel, Bharti Airtel, Sun Pharma.
Except Media (which was down 1 per cent), all other sectoral indices ended higher. Realty rose more than 4 per cent and metal, auto, consumer durable jumped more than 1 per cent each. The BSE midcap index added 0.9 per cent and smallcap index jumped 0.4 per cent.
“The Indian stock market responded optimistically to RBI’s surprise and aggressive growth push policy. The tremendous rate cut and liquidity boost via the CRR cut is expected to facilitate swift transmission of lower rates, reinforcing RBI’s strong commitment to fostering economic growth, boosting investment, and stimulating consumption,” said Vinod Nair, Head of Research at Geojit Investments.
Although the RBI’s neutral stance has watered down expectations for future rate cuts and concerns linger over current tepid demand, as reflected in the unchanged GDP growth forecast for FY26, Nair noted the immediate liquidity expansion and growth-focused policy measures are likely to support the investor confidence amidst the ongoing global uncertainties.
Indian rupee, meanwhile, ended 16 paise higher at 85.63 per dollar on Friday against Thursday’s close of 85.79.
In the previous season, Sensex ended 443.79 points higher at 81,442.04, whereas Nifty concluded 130.70 points up at 24,750.90.
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