Sensex climbs 300 points: RBI action, removal of capital gains tax on G-secs for FIIs among factors behind rise
Stock market today, June 5 -- Indian indices - Sensex and Nifty 50 - rallied in Friday's trading session after the Reserve Bank of India (RBI) held the repo rates unchanged at 5.25%.
Sensex jumped 300 points, climbing above 74,500 mark, meanwhile, Nifty 50 was trading near 23,500 mark. Bank Nifty also rose over 250 points to 54,572.
Market sentiment across sectors remained largely upbeat, with most Nifty indices advancing during the session. Nifty Media led the gains, rising more than 3%, while Realty and Financial Services also posted strong performances. Banking, PSU Bank, and Consumer Durables stocks witnessed healthy buying interest. In contrast, Metal, FMCG, IT, and Oil & Gas indices edged lower, reflecting mild profit-taking in de...
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