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Key Benchmark Indices
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From
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Change
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Closed at
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BSE Sensex
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81,442.04
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 0.92% |
82,188.99
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Nifty 50
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24,750.90
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 1.02% |
25,003.05
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Indian equity markets surged after the RBI unexpectedly cut the repo rate by 50 basis points to 5.5%, reduced the CRR by 100 basis points to 3%, and lowered its inflation forecast by 30 basis points to 3.7%. These moves signal a strong push to boost liquidity, investment, and consumption, underscoring the RBI’s commitment to supporting economic growth.
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Bond yields rose as market participants were surprised by the RBI’s 50 basis point rate cut, which was seen as positive, but the shift in policy stance from accommodative to neutral raised concerns about future easing and became the main driver of the yield surge.
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Yield on the 10-year benchmark paper (6.33% GS 2035) rose by 4 bps to close at 6.24% as compared to the previous close of 6.20%.
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