Sensex increased by ~0.40%, closing at 82,519, Nifty 50 climbed ~0.43%, ending at 25,110 , Bank Nifty surged to an all-time high of 57,049.50, up on RBI rate cuts and shifting policy stance
Top Gainers
1. Kalpataru Projects (+4%) Jumped on strong new order wins and robust investor sentiment in the infrastructure sector
.2. Manappuram Finance (+2%) & Muthoot Finance (+2.5%) Benefited from RBI’s relaxation of gold loan regulations, boosting gold finance-related stocks .
3. IT & Pharma Stocks (+1.1% average) IT names saw outperformance following positive U.S. jobs data, indicating sustained global demand
**Auto Stocks (e.g. Hyundai Motor India)**Lifted by renewed domestic demand optimism and favorable interest rate environment.– RBI’s jumbo 50 bp cut led to a broader rally in auto and credit-linked sectors .
Top Losers
While defensive and heavyweight stocks lagged, specific decliners included:
Select heavyweight IT and consumer names showed muted movement relative to broader indices (exact figures not reported).
Sectoral Overview
Banking & PSU Banks: Bank Nifty hit an all-time high of 57,049.50, propelled by the policy rate cut and RBI’s neutral stance – boosting expectations for credit growth and margin expansion .
Auto & Infra: Strong gains on optimism fueled by rate relief.
IT & Pharma: Positive takeaways from U.S. macroeconomic strength.
Gold Finance: Benefited from regulatory easing in gold loan norms.
Expert Insight
Bulls are back in action after the RBI surprised with a jumbo 50 bp rate cut, igniting hopes of an economic boost,”* said Prashanth Tapse, SVP of Research at Mehta Equities .
