Blog

RBI surprise rate cut: The Reserve Bank of India made a surprise pre-dawn Monetary Policy Committee (MPC) decision to cut the repo rate by 50 bps to 5.5%, beating street estimates. At the same time, CRR was reduced by 100 bps, a significant liquidity injection that analysts called a “timely move”

Domestic market saw a robust rally—Sensex zoomed more than 700–800 pts and Nifty recovered the 25,000 mark following lackluster initial cues from Gift Nifty.

Volatility softened: VIX fell ~2% as policy turnaround boosted market mood.

Sector & Stock Movers

Banking brilliance: HDFC Bank was the clear gainer, ending at new highs. The whole banking index rose ~1%.

Realty runs: The realty index jumped ~5%, with mid- and small-cap pockets also gaining on renewed risk appetite

Power & defence play: Stocks such as JSW Energy, Bajaj Finserv, Praj, Ashoka Buildcon, and IREDA saw good volumes, displaying strong intraday action

Buzz names: Cochin Shipyard gained on NATO orders; SpiceJet and Vedanta saw significant moves; KPI Green shot up on energy MoUs