Sensex hits fresh all-time high, surges 1,619 points; rate-sensitive stocks surge up to 9% post RBI policy decision
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Bulls returned to Dalal Street with full force on Friday, as the BSE benchmark Sensex advanced 1,619 points or 2.16% to settle at a record high of 76,693. The broader NSE Nifty gained 469 points or 2.05% ending at 23,290. Both indices successfully erased all losses from June 4. Stocks in rate-sensitive sectors such as banking, finance, auto, and real estate soared as much as 9.5% following the RBI's decision to maintain the interest rate unchanged. Following the RBI policy decision, shares of realty indices surged up to 9.5%, with Sunteck Realty, Sobha, Brigade, and Lodha rising between 3% and 9.5%. Meanwhile, Nifty Bank stocks such as Bandhan Bank, SBI, Axis Bank, AU Small Finance Bank, and Kotak Bank rose by 1-2%. Shares of Bajaj Finance, Bajaj Finserv, and PFC also experienced gains of 1-3.6%. Similarly, Nifty Auto stocks increased up to 5.4%, with M&M, Tata Motors, Balkrishna Industries, Apollo Tyres, and Ashok Leyland seeing ...