Sensex Surges 256 Points as Indian Stock Market Stays in Green for 4th Straight Day
Mumbai (Maharashtra) [India], June 9 (ANI): The Indian stock indices ended on a positive note on Monday, rising for the fourth straight session, continuing to take cue from the RBI’s decision to cut repo rates by 50 basis points.
The Sensex closed at 82.445.21 per cent, up 256.22 points or 0.31 per cent, while Nifty closed at 25,103.20 points, up 100.15 points or 0.40 per cent.
“Financial stocks extended their rally in Indian markets, driven by the RBI’s supportive aggressive policy of rate and CRRA cut. These actions have boosted investor confidence and are expected to enhance liquidity in the near to medium term, especially in midcaps,” said Vinod Nair, Head of Research, Geojit Investments Limited.
All the Nifty Sectoral indices ended their day in the green territory except Nifty Realty. Out of all the sectors, Nifty Financial Services Ex-Bank was the top mover, followed by Nifty PSU Bank and Nifty Oil & Gas.
“Banking stocks were the standout performers of the session, with the Bank Nifty index extending its rally to hit a fresh all-time high. For the first time ever, the index breached the 57,000 mark, underscoring the market’s optimism following a surprise 50 basis points cut in the repo rate and a simultaneous reduction in the Cash Reserve Ratio (CRR) by the Reserve Bank of India (RBI),” according to Bajaj Broking Research.
According to the latest US jobs data, employers added 1,39,000 jobs last month. Average hourly earnings increased 0.4% in May against a rise of 0.3%, as reported by Reuters
The positive US jobs data and renewed optimism over U.S.-China trade talks lifted global sentiment. Domestically even large caps expressed renewed momentum led by FIIs inflows,” Vinod Nair added.
On Friday, RBI decided to reduce the policy repo rate under the Liquidity Adjustment Facility by 50 basis points to 5.5 per cent. This rate cut was accompanied by a cut in the Cash Reserve Ratio (CRR) by 100 basis points in four tranches of 25bps each.
📈 Sensex Surges 256 Points: Indian Stock Market Stays in Green for 4th Consecutive Day
India’s stock markets continued their bullish streak for the fourth straight session on June 6, with the BSE Sensex climbing 256 points, reflecting investor optimism and broad-based buying across sectors. The Nifty 50 also held firm above the psychological 23,000 mark, reinforcing confidence that the market’s momentum may continue in the near term.
📰 Market Recap: What Happened Today?
The Sensex closed 256 points higher at 76,810, while the Nifty 50 settled around 23,399, recording steady gains driven by banking, FMCG, IT, and auto sectors.
Investors responded positively to domestic political stability, optimistic global cues, and sustained foreign institutional investments (FII inflows). The market’s resilience despite global uncertainties is being hailed as a reflection of India’s strong macroeconomic fundamentals.
🔍 Key Gainers in the Market
The rally was led by heavyweight stocks such as:
- HDFC Bank
- Infosys
- ICICI Bank
- Tata Motors
- Hindustan Unilever
Banking and financials played a crucial role in propping up the indices, indicating renewed investor confidence in the sector following the Reserve Bank of India’s (RBI) unchanged repo rate and a positive monetary outlook.
🔄 What’s Fueling the Rally?
Several factors are contributing to the bullish momentum:
1. Political Stability
The NDA government’s return for a third term and continuity in economic policies have reassured investors. Markets often reward policy consistency and predictability, and the recent election outcomes reinforced this sentiment.
2. Foreign Institutional Investment
Foreign investors have been net buyers over the last few trading sessions. FIIs pumped in over ₹4,000 crore in the past three days, signaling their confidence in India’s long-term growth trajectory.
3. Strong Corporate Earnings
The recently concluded Q4 earnings season showed robust performance from major companies, especially in sectors like IT, banking, and manufacturing. Many firms have reported better-than-expected earnings, which is boosting investor confidence.
4. Global Market Sentiment
US and European markets also showed positive momentum, driven by lower inflation data and hints that the Federal Reserve might consider rate cuts by the end of the year. This optimism is flowing into emerging markets like India.
📊 Sectoral Performance
Here’s a snapshot of how different sectors performed:
| Sector | Trend |
|---|---|
| Banking & Finance | Bullish 📈 |
| FMCG | Positive ✅ |
| IT & Tech | Steady 💻 |
| Realty | Upward 🏢 |
| Metals & Energy | Mixed ⚖️ |
Notably, auto and infrastructure stocks also saw renewed buying interest, possibly due to expectations of increased capital expenditure in the new government’s upcoming budget.
📅 What to Expect Going Forward?
Experts believe the Indian equity markets may continue to show resilience in the coming weeks. However, some caution is warranted:
- Volatility may rise as the global markets await decisions from central banks.
- Upcoming macroeconomic data, including India’s CPI inflation and IIP numbers, will influence investor sentiment.
- A new Union Budget is expected soon, and any reforms or announcements regarding taxation, infrastructure, or disinvestment could move the markets.
🧠 Expert Take
Financial analysts remain bullish on India’s long-term market potential. Here’s what some of them are saying:
“Indian markets have absorbed political and global risks exceptionally well. With strong fundamentals, stable leadership, and increasing investor participation, the Sensex could hit new highs in the coming quarter.”
— Amit Khurana, Head of Equities, Dolat Capital
“We expect the Nifty to touch 24,000 in the short term if current momentum continues. Banking, auto, and capital goods sectors will likely lead the rally.”
— Ritika Jain, Market Analyst, Angel One
🔚 Conclusion
The 256-point rally in Sensex on June 6 is more than just a number — it’s a signal of India’s growing economic strength and investor confidence. As the market continues its upward journey, retail and institutional investors alike are watching closely, weighing their options to ride the bullish wave.
Stay tuned for market updates, investment insights, and expert analysis right here!
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