Stock market today, June 9 -- Bulls maintained their dominance on Dalal Street during Monday's trade, June 9, lifting the front-line indices by over 0.3%, as RBI's bumper monetary policy measures, coupled with better-than-expected U.S. jobs data and signs of progress in U.S.-India trade talks, brought fresh cheer to markets that had been trading in a narrow range.
There was broad-based buying in today's session, with mid-cap financial stocks leading the rally. Meanwhile, stronger-than-expected U.S. jobs data boosted optimism in the IT sector, while expectations grew that RBI's 50 basis point cut in the repo rate could translate into higher sales of entry-level automobiles, which had remained subdued in recent months, causing auto stocks ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.