Kolkata: On a big ay f RBI announcement on expected cut in key policy rates, the global cues are not markedly positive. US indices were giving mixed signals and GIFT Nifty was trading in the red on Friday morning. Therefore, the moot point is will the Indian market broad indices Sensex 30 and Nifty 50 open in the green on Friday, June 6, 2025 after a rise of 443 points on June 5?
Following a muted start on Thursday morning, Sensex and Nifty jumped though profit booking in the latter half significantly compromised the gains. Robust global cues, a fall in US treasury yields and a weaker dollar helped investor sentiments. Indices in the IT, metal, pharma, realty sectors went up significantly. Sensex closed at 81,442.04, up 443.79 points and Nifty was up 130.70 points to end the day at 24,750.90.
One significant point was that Gita Gopinath, deputy managing director at the International Monetary Fund thought that the continuing global trade disputes could pose a more complex challenge for central banks in emerging markets than the economic crisis triggered by the COVID-19 pandemic.
Global markets today
Of the three US indices, S&P500 and Nasdaq ended in the red on June 5 by 0.53% and 0.83% respectively. Dow Jones Futures ended in the green (0.28%). In Europe CAC ended 0.18% lower while FTSE and DAX were up by 0.11% and 0.19% respectively.
On the morning of June 6, GIFT Nifty was 0.05% in the red. Straits Times, Hang Seng and Taiwan Weighted indices were also trading in the red while Nikkei, Djakarta Composite and Shanghai Composite were trading in the green. On June 5, all Asian markets closed in the green with the exception of Nikkei.
Gainers and laggards on June 5
In the Sensex basket Eternal (4.53%), Power Grid (1.96%) and ICICI Bank (1.65%) were the prominent gainers while Indusind Bank (1.41%), Axis Bank (1.06%) and Bajaj Finserv (0.63%) were the major laggards. The BSE Midcap index rose 0.39% while the Smallcap index increased by 0.65%. Of the 4,129 stocks traded on BSE, as many as 2,257 stocks advanced, 1725 stocks declined while 147 remained unchanged.
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The big development that can impact not only the stock market but the entire economy is the announcement of Reserve Bank of India on the widely expected cut in Repo Rates to bring down the cost of capital. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
