Stock markets rise for fourth day on global rally, gains in banking shares after RBI rate cut
Benchmark equity indices Sensex and Nifty closed higher for the fourth day in a row on Monday (June 9, 2025) following a rally in global markets and upbeat investors' sentiment after the RBI’s jumbo 50 basis points rate cut.
The 30-share BSE Sensex climbed 256.22 points or 0.31%, to settle at 82,445.21, driven by buying in bank stocks. During the day, it jumped 480.01 points or 0.58%, to 82,669.
The 50-share NSE Nifty surged 100.15 points or 0.40%, to 25,103.20.
Optimism over a new round of trade talks between the U.S. and China also drove the markets higher.
Among Sensex stocks, Kotak Mahindra Bank, Bajaj Finance, Axis Bank, Power Grid, IndusInd Bank, Maruti, Bajaj Finserv and NTPC were the biggest gainers.
However, Eternal, ICICI Bank, Titan, Mahindra & Mahindra, Adani Ports, Tata Steel and Bharti Airtel were among the laggards.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng settled in positive territory.
European markets were trading marginally lower. U.S. markets ended sharply higher on Friday (June 6, 2025).
Foreign Institutional Investors (FIIs) bought equities worth ₹1,009.71 crore on Friday (June 6, 2025), according to exchange data.
Global oil benchmark Brent crude went up 0.30% to $66.67 a barrel.
On Friday (June 6, 2025), the 30-share BSE Sensex ended the day higher by 746.95 points or 0.92%, at 82,188.99. The Nifty reclaimed the 25,000-level and climbed 252.15 points or 1.02%, to settle at 25,003.05.
Sensex and Nifty rise for fourth consecutive day on global rally and RBI rate cut, with bank stocks leading gains. | Source: The Hindu
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