Indian stock market, June 7 -- Indian indices - Sensex and Nifty 50 - ended the week on a higher note for third week straight on RBI's policy announcement, which took the market by surprise.
After remaining range-bound for most of the week, benchmark indices surged sharply on Friday and settled near the week's high, with the Nifty closing at 25,003 and the Sensex at 82,118.99.
The sectoral performance was generally favorable, with rate-sensitive sectors experiencing robust buying activity. The rally was led by realty, automobile, and banking stocks, driven by optimistic expectations for credit growth and consumer confidence.
Financials and NBFCs also saw gains, supported by the anticipation that lower interest rates will improve borrow...
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.