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Bulls continue to hold grip on Dalal Street
Jun-06-2025

Indian equity markets continued to trade higher in late afternoon session after Reserve Bank of India (RBI) slashed the policy repo rate by 50 basis points (bps) to 5.50 per cent for the third time in a row. Consequently, the standing deposit facility (SDF) rate under the liquidity adjustment facility (LAF) shall stand adjusted to 5.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 5.75 per cent. Besides, investors rekindled bliss as RBI reduced its inflation projection to 3.7 per cent for current fiscal year. 

On the global front, Asian equity markets were trading mixed despite the leaders of the U.S. and China agreeing to further talks aimed at reaching a deal. European equity markets were trading mostly in red as investors await the U.S. Labour Department's closely watched monthly jobs report for more insight into the labor market and the outlook for monetary policy.

Back home, with RBI’s rate cut the realty stocks turned as best performers of the day, with BSE Realty surging 362.89 points or 4.71% to 8,067.31. Moreover, substantial up move has been seen in metal and auto stocks.

The BSE Sensex is currently trading at 82202.59, up by 760.55 points or 0.93% after trading in a range of 81140.11 and 82299.89. There were 25 stocks advancing against 5 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index surged 0.93%, while Small cap index was up by 0.56%.

The top gaining sectoral indices on the BSE were Realty up by 4.71%, Metal up by 1.51%, Auto up by 1.42%, Consumer Discretionary up by 1.38% and Bankex up by 1.30%, while Capital Goods down by 0.15% was the lone losing index on BSE.

The top gainers on the Sensex were Bajaj Finance up by 4.90%, Axis Bank up by 3.22%, Maruti Suzuki up by 3.05%, Bajaj Finserv up by 2.14% and Eternal up by 2.07%. On the flip side, Bharat Electronics down by 0.81%, Tata Steel down by 0.44%, Sun Pharma Industries down by 0.25%, Bharti Airtel down by 0.19% and Reliance Industries down by 0.02% were the top losers.

Meanwhile, highlighting India’s growing maritime capabilities, Union Minister Sarbananda Sonowal has said that ‘Under the able and visionary leadership of Prime Minister Narendra Modi, India is moving decisively toward the goals of Viksit Bharat and Atmanirbhar Bharat. These goals envisage India as a modern, self-reliant, inclusive, and globally engaged economy. In this journey, the maritime sector is central - not just as a driver of growth, but as an enabler of resilience, sustainability, and strategic connectivity. India has launched wide-ranging efforts to expand port infrastructure, integrate logistics systems, and improve ease of doing business for the private sector. These reforms are already bearing fruit in the form of increased port efficiency, stronger cargo flows, and rising investor confidence.’

Sonowal said ‘India’s maritime digital ecosystem is undergoing a transformation. Initiatives such as ONOP (One Nation - One Port Process), National Logistics Portal (Marine) and MAITRI - Virtual Trade Corridor are creating a unified national platform for port services and EXIM trade. These efforts are improving operational transparency, reducing transaction time and building real-time data systems. We are also engaging with global partners to establish Virtual Trade Corridors that will digitally connect ports, enabling seamless cargo movement and reducing bottlenecks.’

Emphasising the need for a green and sustainable maritime future, the Union Minister added, ‘India is establishing three Green Hydrogen Hub Ports - Kandla, Tuticorin, and Paradip - to support the manufacturing of green hydrogen and its derivatives and to pioneer the use of alternative fuels in the maritime domain. 

The CNX Nifty is currently trading at 25002.45, up by 251.55 points or 1.02% after trading in a range of 24671.45 and 25029.50. There were 44 stocks advancing against 5 stocks declining on the index.

The top gainers on Nifty were Shriram Finance up by 5.38%, Bajaj Finance up by 4.94%, JSW Steel up by 3.59%, Axis Bank up by 3.16% and Maruti Suzuki up by 3.05%. On the flip side, HDFC Life Insurance down by 0.98%, Bharat Electronics down by 0.80%, Tata Steel down by 0.46%, Sun Pharma Industries down by 0.21% and Bharti Airtel down by 0.20% were the top losers.

Asian markets are trading mixed; Shanghai Composite strengthened 1.26 points or 0.04% to 3,385.36 and Nikkei 225 surged 187.12 points or 0.5% to 37,741.61, while Hang Seng declined 114.43 points or 0.48% to 23,792.54, Taiwan Weighted lost 13.77 points or 0.06% to 21,660.66 and Straits Times rose 10.92 points or 0.28% to 3,928.61.

European markets were trading mostly in red; UK’s FTSE 100 increased 2.56 points or 0.03% to 8,813.60, France’s CAC fell 11.33 points or 0.15% to 7,778.94 and Germany’s DAX lost 58.04 points or 0.24% to 24,265.54.
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