New Delhi, June 9 -- On Friday, the Nifty 50 surged 1.02% to close above 25,000, driven by the RBI's unexpected 50-basis-point repo rate cut and a 100bps CRR reduction, aimed at boosting liquidity and economic growth. This aggressive monetary easing lifted investor sentiment and triggered strong buying, especially in rate-sensitive sectors like realty, financials, autos, and metals. The RBI's shift to a neutral stance further supported the rally, resulting in broad-based market participation.
Two stock recommendations for today, 9 June, by MarketSmith India:
KEI Industries Ltd (current price: 3747.8)
Why it's recommended: Strong market position, diversified revenue streams, strong product portfolio, and innovation
Key metrics: P/E: 49...
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