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Sensex, Nifty Rally As RBI Surprises With Jumbo Rate Cut

RTTNews | 4 days ago

Sensex, Nifty Rally As RBI Surprises With Jumbo Rate Cut

(RTTNews) - Indian shares rallied on Friday as the Reserve Bank of India (RBI) surprised the market with a 50 basis points (bps) cut in the benchmark repo rate to 5.5 percent, slashed the cash reserve ratio (CRR) by 100 basis points to 3 percent, and also trimmed its inflation forecast for the year by 30 basis points to 3.7 percent.

The CRR cut alone is estimated to release Rs. 2.5 lakh crore into the financial system and boost economic growth.

RBI governor Sanjay Malhotra said the changes in growth-inflation dynamics call for not only continuing with the policy easing but also frontloading the rate cuts to support growth.

Traders also reacted positively to new reports that suggested the U.S. and China will resume trade talks in hopes of breaking an impasse over tariffs and global supplies of rare earth minerals.

The benchmark S&P/BSE Sensex jumped 746.95 points, or 0.92 percent, to 82,188.99 while the broader NSE Nifty index closed at 25,003.05, up 252.15 points, or 1.02 percent, from its previous close.

The BSE mid-cap and small-cap indexes gained 0.9 percent and 0.4 percent, respectively.

The market breadth was strong on the BSE, with 2,282 shares rising while 1,741 shares declined and 133 shares closed unchanged.

Rate-sensitive stocks topped the gainers list, with Bajaj FinServ, IndusInd Bank, Maruti Suzuki India, Axis Bank and Bajaj Finance surging 2-5 percent.

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European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | 19 minutes ago

TSX Up Marginally; Energy Stocks Rise

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 1h 26min ago

U.S. Stocks Mostly Subdued In Lackluster Trade

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U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | 2h 3min ago

Eurozone Investor Confidence Strongest In A Year: Sentix

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Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | 4h 57min ago

Bay Street Likely To Open On Mixed Note

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Canadian shares are likely to open on a mixed note Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.

RTTNews | 5h 50min ago

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.

RTTNews | 6h 23min ago

CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.

RTTNews | 7h 8min ago

DAX Drifts Lower As Investors Await Outcome Of Sino-US Trade Talks

DAX Drifts Lower As Investors Await Outcome Of Sino-US Trade Talks

German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London. The negotiations, which commenced on Monday, have not yielded any positive news so far.

RTTNews | 7h 30min ago

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