Stock market today, June 6 -- Indian stocks ended with stellar gains during Friday's trading session as the RBI's double bonanza-a 50 basis point cut in the repo rate and a 100-basis point cut in the CRR-boosted expectations of improved credit demand and a recovery in domestic growth.
The surprise move came just as Indian equities had lost momentum, with the Nifty retreating over the previous two weeks amid concerns over rich valuations and global trade uncertainty. Rate-sensitive stocks, led by real estate, financials, and auto, emerged as top performers, while expectations of an above-normal monsoon lifted the FMCG pack.
A deeper-than-expected repo rate cut and additional liquidity infusion through a CRR cut pushed both the Nifty 50 a...
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