Stock Market Today: What RBI’s Big Moves Mean for NSE Nifty50, BSE Sensex Investors Now
The Indian stock market posted a sharp rebound in the first week of June, breaking a two-week losing streak. A surprise 50 basis point repo rate cut and a 100 basis point CRR (Cash Reserve Ratio) cut by the Reserve Bank of India (RBI) injected fresh optimism into investor sentiment.The NSE Nifty 50 ended Friday’s session 252 points or 1.02% higher at 25,003, breaching the psychological 25,000 level, while the BSE Sensex surged 747 points or 0.92% to close at 82,188.99.“The CRR cut is expected to infuse Rs 2.5 trillion...