Indian Equity Markets Shoot Up After RBI Surprises With A 50 Basis Point Rate Cut

RBI positively surprised the markets today by going for a 50 basis point rate cut. Larger market expectation was that it would go for a 25 basis point rate cut. After this Indian equity markets jumped. At 11:20 a.m. IST, 6th June, 2025, Nifty 50 is up by 218.15 points or 0.88%. Sensex is up by 690.96 points or 0.85%. 

NBFC stocks gain 

Top gainers at Nifty 50 at this time are Shriram Finance, Bajaj Finance and Axis Bank. Top losers at Nifty 50 are Sun Pharma, BEL and Nestle India. NBFCs like Shriram Finance will benefit from the rate cut. Their cost of raising funds will go down. 

Nifty Financial Services ex-bank top gainer 

All the broader market indices are in green at this time. Nifty Midcap 50 index is the top gainer at this time. It is up by 1.04%. Among sectoral indices, Nifty Financial services ex-bank is the top gainer, up by 2.32%. 

Market breadth has turned strongly positive. 1603 stocks are gaining at this time; 1093 stocks are declining. 78 stocks have touched new 52-week high. 12 stocks touched new 52- week low.  

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Source: NSE