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Market Records Weekly Gain After Giving -ve Returns For 2 Consecutive Weeks
Broader Mkts Outperformance With Midcap Index Rising 3% Vs Nifty’s 1%
Nifty Bank Registers A Gain of Nearly 2% This Week
Except Media, All Sectoral Indices Post Gains, Realty is Top Gaining Index
35 Nifty Stocks Rise This Week, Stocks Gain Up To 10%
Eternal, Shriram Fin, DRL, M&M, Adani Ports, Jio Fin Are Top Nifty Gainers
Prestige Estates, CDSL, MCX, Swiggy, L&T Fin, Muthoot Top Midcap Gainers
Frontline Indices Rise Over 1% Each With The Biggest Move Seen In Financials
Banks, NBFCs, Realty Cheer RBI’s 50 bps Repo Rate Cut, Stocks End At Highs
Realty Index Gains 5% On An Expectation Of An Improved Demand After Rate Cut
Sensex Rises 747 Points To 82,189 & Nifty 252 Points To 25,003
Nifty Bank Gains 818 Points To 56,578 & Midcap Index 707 Points To 59,010
Gold Financiers See Buying As Norms Are Being Eased, Muthoot Surges 7%
SBI Card, RBL, Ab Cap Gain On The Comment Of Risks In Unsecured Loans Abating
RBI says IndusInd Issue Will Settle Down Soon, Stock Ends 3% Higher
Defence Stocks See Profit Booking, Solar Ind Falls 3% & HAL Nearly 2%
ICICI Lombard Climbs 7% On As Rpts Suggest A Hike In Motor Premium Soon
Shiram Fin, Bajaj Fin, JSW Steel, Axis Bank, Maruti Are Top Nifty Gainers
Godrej Prop, IDFC First Bk, DLF, Nippon Life & Prestige Est Top Midcap Gainers
Market Breadth Favours Advances, Advance-Decline Ratio At 3:2
The week ending June 6 witnessed block deals worth over ₹15,000 crore across more than ten companies.
Shares of Muthoot Finance Ltd. jumped up to 8%, while those of Manappuram Finance Ltd., and IIFL Finance Ltd. surged up to 5% after RBI Governor Sanjay Malhotra’s remarks on gold loans during the RBI policy press conference.
Shares of IndusInd Bank Ltd., the Mumbai-based private sector lender, gained as much as 5% on Friday, June 6, after the Reserve Bank of India (RBI) said the bank has taken steps to address governance and compliance issues.
Shares of Muthoot Finance Ltd. jumped up to 8%, while those of Manappuram Finance Ltd., and IIFL Finance Ltd. surged up to 5% after RBI Governor Sanjay Malhotra’s remarks on gold loans during the RBI policy press conference.
#JustIN | Economic Advisory Council to the PM reconstituted; members given a 2-yr term
6 new part time members added to EAC-PM, #SoumyaKantiGhosh, #KVRaju among the new part-time members of @EACtoPM pic.twitter.com/Vx50ayVur0
— CNBC-TV18 (@CNBCTV18Live) June 6, 2025
HDFC Bank is contributing 72.2 points to the index upside
Bajaj Finance is contributing 29.5 points to the upside
Axis Bank is contributing 25.5 points to the upside
Shares of Azad Engineering Ltd. fell as much as 8% on Friday, June 6, after a large trade took place in the stock.
Shares of Bharti Hexacom Ltd. declined over 4% on Friday, June 6, after the company’s shares were downgraded to ‘Neutral’ from ‘Buy’ by brokerage firm Motilal Oswal. The brokerage, however, kept its price target unchanged at ₹1,900.
#CNBCTV18Exclusive | Road Ministry to consider hiking #Motor third party premium for FY26. #IRDAI sought an avg 18% increase in motor 3rd party premium
????Alert: Motor TP insurance policy is mandatory
????Alert: Motor TP premiums have not been increased for 4 years
????Alert: In… pic.twitter.com/w0vNtOJTDb
— CNBC-TV18 (@CNBCTV18Live) June 6, 2025
The shares of IndusInd Bank rose after the remarks from the RBI deputy governors on the embattled bank.
According to RBI
IndusInd Has Taken Enough Steps To Improve Accounting Practices
No Systemic Impact Arising From IndusInd Bank Issue
Will Keep Monitoring Banking System
IndusInd Issue Should Settle Down Very Soon
IndusInd MD, CEO Has Resigned, That Should Be Good Enough
The shares of gold loan lending companies rose after the RBI’s move to ease the lending process of companies.
The shares of Muthoot Finance rose by 4.81%
The shares of Manappuram Finance rose by 2.53%
IIFL Finance shares also jumped by over 3%
#JustIn | RBI Governor says, LTV For Gold Loans below ₹2.5 Lakh to be revised to 85% from 75% pic.twitter.com/c2DOYU438i
— CNBC-TV18 (@CNBCTV18Live) June 6, 2025
#RBIPolicy | Liquidity is abundant, haven’t given a thought to any targeted level of call rate. Will continue to monitor incoming data
MPC has limited scope to boost growth which is why we changed stance to neutral
RBI Governor, Sanjay Malhotra to @latha_venkatesh of CNBC-TV18… pic.twitter.com/YieibiBLpz
— CNBC-TV18 (@CNBCTV18Live) June 6, 2025
Shares of real estate companies are trading with gains of as much as 6% on Friday, June 6, after the Reserve Bank of India (RBI) announced a 50 basis points cut in its benchmark repo rate. This marks the third consecutive rate cut by the central bank, following reductions in February and April.
#CNBCTV18Market | Nifty crosses 25,000 for the first time since May 27 after #RBIPolicy pic.twitter.com/Pigbw7hoGG
— CNBC-TV18 (@CNBCTV18Live) June 6, 2025
Digant Haria, Founder, GreenEdge Wealth Services: “The weak liability franchise stocks like an IndusInd Bank, an IDFC Bank, or RBL Bank, and all the small finance banks like Equitas, they are the ones who suffered big brunt of the tight deposit and liquidity environment for the last 12 months. They will see a good reversal, not just in growth, but even in margins and the asset quality. So, that is where the biggest data in terms of earnings is.
So, we will focus on not the top 8-9 large banks, but the banks which are below that, which suffered over the last year, that should be the first basket one can look at. The second basket will obviously be the interest rate sensitive, the real estate stocks; not the luxury ones like Oberoi, because luxury is indifferent to real estate. But at least somebody who is selling in Rs 50 lakh to Rs 2 crore kind of ticket size, those real estate stocks and auto stocks are also somewhat interest rate sensitive.
So, something like car stock and we also saw that budget, where consumers are given some bonus. So, combine all of this, we should be seeing good festive season this time, at least, that is our hope. So, these three baskets are where we are focused for stock ideas.”
Digant Haria, Founder, GreenEdge Wealth Services: “This rate cut and liquidity infusion tells us one thing that somehow the growth is not picking up, the economy has been slow. So, while it is a reason to celebrate, it is also an acknowledgement that growth is not as what the RBI is expecting or what our country’s potential is, especially if we see the consumption sector, the auto sector; even the real estate sector slowed down. So, this is a step in that direction and the banks, we all know that initially one or two quarters is something where they suffer because of these rate cuts because the customers are expecting that some of these rate cuts will be passed on immediately and the deposit rates are slow to respond. And even the rate cut which happened two months back, the deposit rates did not move down as fast as the loan rates. So, another three-six month of margin pressures for banks is there. We just want that the growth has to recover. The system growth is at 9% currently; the loan growth for the system – that has to go to 12-13% because that is where our equilibrium is. The global macros are good. Now the domestic macros will significantly improve after this. So, I am very hopeful that after monsoons, we will see good demand pick up. Banking stocks can do well. But in largecap banks, you have to be careful because there is not much upside. But there are lot of these weak liability franchise – that’s our hunting ground.”
RBI Reax: Lakshmanan V, Federal Bank
On credit growth: Credit growth, if you look at the banking system growth on the balance sheet, it has been on a downward trajectory. A lot will depend not only in terms of the monetary action that’s happened today, but overall, in terms of the consumer demand, the overall spending intent of corporates per se, given the given the cost of liquidity, as we’re talking about it, and, of course the whole lot of situation across the border in terms of what’s happening in the US, a lot of that is going to be driving in terms of how the companies are going to be spending, how the customers are going to be having a nature for demand. So we still have to wait out and watch as to how the credit growth would happen.
On G-Sec rates: I am not in favour of talking about a 10-year immediately going lower because of 50 bps cut that has happened and the liquidity infusion. The key thing to note is also the fact that the stance has been brought into a neutral right now. So given all of that at this stage, I am not calling for the 10-year going in significantly lower from perhaps the 6.10 that was seen in today.
MPC VOTED TO CUT REPO RATE BY 50 BPS TO 5.50%
Alert: RBI Cuts Repo Rate For The Third Straight Policy
FY26 CPI INFLATION SEEN AT 3.70% Vs 4% EARLIER
RBI STANCE CHANGED TO NEUTRAL FROM ACCOMMODATIVE
MSF & SDF Rates Adjusts To 5.75% & 5.25% Respectively
FY26 REAL GDP GROWTH PROJECTION UNCHANGED AT 6.50%
Real GDP Projection For Q2FY26 Unchanged At 6.70%
Real GDP Projection For Q3FY26 Unchanged At 6.60%
Real GDP Projection For Q4FY26 Unchanged At 6.30%
Q1FY26 CPI Inflation Projection Revised Lower To 2.90% Vs 3.60% Earlier
Q2FY26 CPI Inflation Projection Revised Lower To 3.40% Vs 3.90% Earlier
Q3FY26 CPI Inflation Projection Revised Higher To 3.90% Vs 3.80% Earlier
Q4FY26 CPI Inflation Projection Unchanged 4.40%
CASH RESERVE RATIO CUT BY 100 bps
CRR CUT TO 3% FROM 4%
TO CUT CRR IN FOUR TRANCHES OF 25 bps EACH
CRR CUT TO RELEASE `2.5 LK CR OF LIQUIDITY
Industrial Activity Recovering Gradually, Though Uneven
MPC Felt It Is Now Left With Very Limited Space To Support Growth
Current Account Deficit For FY26 To Remain Well Within Sustainable Levels
Net FDI Important For Forex Reserves
Gross FDI Invest Increased Sharply In FY25
Rise In Repatriation Of FDI A Sign Of A Maturing Market
Stress In Unsecured Loans & Credit Card Portfolios Has Abated
Policy Actions Should Be Seen As Step Towards Boosting Growth
Global Backdrop Remains Fragile, Highly Fluid
Global Growth And Trade Projections Have Been Revised Downwards
Last Mile Of This Inflation Is Turning Out To Be A Little More Protracted
Global Growth, Trade Projections Cut By Multilateral Agencies
Indian Economy Presents A Picture Of Strength, Stability
Indian Economy Offers Immense Opportunities To Investors
The Nifty realty sectoral index surged majorly by about 3% after the RBI announced its decision to cut interest rates by 50 bps, apart from cutting CRR by 100 bps.
Top Stocks
Godrej Properties up 5%
DLF up 4.2%
Oberoi Realty 2.9%
Sobha Ltd up 2.5%
The Nifty Bank index has bounced back after a period of relative decline. The index is currently trading with gains of above 0.75%.
The top-performing stocks in this index include Axis Bank, IDFC First Bank and PNB Bank.
The central bank has introduced a 100 basis point slash. Bringing it down from 4% to 3%.
The Reserve Bank of India has retained its GDP growth projection for FY26 at 6.5%.
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