New Delhi, June 6 (HS): The Reserve Bank’s decision to cut the repo rate significantly influenced the domestic stock market, leading Nifty to close above the 25,000-point mark once again. The trading session commenced with minor weakness, and after the market opened, selling pressure caused declines in both Sensex and Nifty indices. However, by 10 AM, buying momentum surged, resulting in a robust rally. The Sensex rebounded by over 1,100 points and Nifty increased by over 350 points from their lower levels.

At the end of trading, Sensex recorded a 0.92 percent gain, while Nifty noted a 1.02 percent gain. Notable buying activity was observed in the banking sector, and other indices such as metal, realty, oil and gas, IT, automobile, consumer durables, FMCG, healthcare, and tech also closed positively. Conversely, the capital goods sector faced ongoing selling pressure. The BSE midcap index rose by 0.91 percent, and smallcap index ended up by 0.43 percent. The overall market strength resulted in an increase of over ₹3.5 lakh crore in the wealth of investors. The market capitalization of BSE-listed companies climbed to ₹451.06 lakh crore, marking a rise from the previous day’s ₹447.50 lakh crore. Investors made a profit of approximately ₹3.56 lakh crore today.

In total, 4,156 shares were actively traded on the BSE, with 2,282 closing in the green, while 1,741 saw declines and 133 remained unchanged. On the NSE, 2,591 shares were traded with 1,459 gaining and 1,132 losing. The Sensex opened at 81,434.24 points, dipped on selling pressure, but rebounded sharply due to the repo rate cut news, closing at 82,188.99 points, gaining 746.95 points. Nifty began at 24,748.70 points, dropped initially, but surged to close at 25,003.05 points, increasing by 252.15 points by the end of the trading day.

Hindusthan Samachar / Jun Sarkar