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Mumbai: Stock market benchmark indices Sensex and Nifty rallied Friday after the Reserve Bank of India (RBI) cut key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a “goldilocks” economy in the face of high US tariffs. Rising for the second day in a row, the 30-share BSE Sensex advanced 447.05 points, or 0.52 per cent, to settle at 85,712.37. During the day, it jumped 531.4 points, or 0.62 per cent, to 85,796.72. The 50-share NSE Nifty climbed 152.70 points, or 0.59 per cent, to 26,186.45. The six-member monetary policy committee, led by RBI Governor Sanjay Malhotra, voted unanimously to lower the repurchase or repo rate by 25 basis points to 5.25 per cent and retained a neutral stance, which give room for further rate cuts. In doing so, the RBI seems to have shrugged off concerns over fall in the rupee, which breached 90 to a dollar this week. The RBI lowered its inflation forecast for the fiscal year through March to 2 per cent from 2.6 per cent, while raising its GDP growth projection to 7.3 per cent, from the previous estimate of 6.8 per cent.

Mumbai, Dec 2 : The domestic equity indices ended lower on Tuesday amid profit booking, FII outflow and concerns ahead of the RBI's key policy meet this week. Sensex settled at 85,138.27, down 503.63 points or 0.59 per cent. The 30-share index started the session lower at 85,325.51 against last session's closing of 85,641.90. The index declined further amid selling in banking, IT, and other heavyweights, touching an intra-day low at 85,053.0. Nifty closed at 26,032.20, down 143.55 points or 0.55 per cent. "Domestic markets continued to witness profit booking amid worries over the weakening rupee and persistent FII outflows. Meanwhile, the NSE’s sectoral index overhaul in line with SEBI regulations led to corrections in major banking counters," said analysts. In the near term, fading expectations of an RBI rate cut owing to strong GDP data and the uncertainty around US-India trade discussions may keep investors on edge, the analysts added. From the Sensex basket, ICICI Bank, Axis Bank, HDFC Bank, BEL, L&T, PowerGrid, Bajaj FinServ, Mahindra and Mahindra, ITC, Tata Motors PV and HCL Tech closed in the negative territory.

MUMBAI, Nov 27: Benchmark stock indices Sensex and Nifty scaled fresh lifetime highs in intra-day trade on Thursday before paring some gains to close marginally higher amid positive global trends on growing hopes of a US Fed rate cut and foreign fund inflows. Rising for the second day, the 30-share BSE Sensex climbed 110.87 points or 0.13 per cent to settle at 85,720.38. During the day, it hit a record high of 86,055.86, reflecting a jump of 446.35 points or 0.52 per cent. However, profit-taking by investors in the second half dragged the index from record high levels. The earlier lifetime high of the benchmark was 85,978.25, hit on September 27, 2024. The 50-share NSE Nifty ended marginally higher by 10.25 points or 0.04 per cent at 26,215.55. During the day, the benchmark rallied 105.15 points or 0.40 per cent to hit an all-time high of 26,310.45. The broader index had earlier scaled its record intra-day high of 26,277.35 on September 27, 2024. Among Sensex firms, Bajaj Finance, ICICI Bank, Hindustan Unilever, Bajaj Finserv, HCL Tech and HDFC Bank were the major gainers.

India's BSE Sensex experienced a slight increase, ending at a record high of 85,720.4 on Thursday. This uptick was driven by optimism surrounding potential interest rate cuts in both the United States and India next month, alongside hopes for an imminent trade agreement with the US. Contributing to this positivity are factors such as decreasing inflation, a robust growth forecast, and recent remarks by the Reserve Bank of India Governor, which support expectations for additional interest rate reductions in India. Moreover, the International Monetary Fund's decision to reclassify the rupee’s exchange rate from 'floating' to 'crawl-like'—attributing this to diminished central bank interventions—further suggests improved market stability and predictability. In this buoyant market environment, Bajaj Finance saw a gain of 2.6%, ICICI Bank rose by 1.4%, Hindustan Unilever increased by 1.2%, Bajaj Finserv climbed 1.1%, while both HCL Tech and ITC advanced by 0.8%. Conversely, companies like Eternal, Maruti Suzuki, Ultratech, SBI, and Tata Steel recorded significant declines, with respective decreases of 1.6%, 1.4%, 1.2%, 1.1%, and 0.9%.