Stock Markets Rise for Fourth Consecutive Day on Global Rally, Banking Shares Surge After RBI Rate Cut

Mumbai, June 9, 2025 — Indian stock markets extended their winning streak to a fourth straight session on Monday, buoyed by a global market rally and positive investor sentiment following the Reserve Bank of India’s (RBI) surprise jumbo rate cut of 50 basis points.

The BSE Sensex climbed 256.22 points (0.31%) to close at 82,445.21, while the NSE Nifty 50 gained 100.15 points (0.40%) to finish at 25,103.20. During intraday trading, the Sensex surged as much as 480 points, touching 82,669 before settling lower.
Banking Stocks Lead Gains

The rally was driven primarily by buying in banking and financial shares. Major gainers on the Sensex included Kotak Mahindra Bank, Bajaj Finance, Axis Bank, IndusInd Bank, Bajaj Finserv, alongside Power Grid, Maruti Suzuki, and NTPC.

On the downside, stocks such as Eternal, ICICI Bank, Titan, Mahindra & Mahindra, Adani Ports, Tata Steel, and Bharti Airtel saw selling pressure.
Global Cues and Trade Optimism

Investor optimism was further lifted by renewed hopes for a fresh round of U.S.-China trade talks, which boosted global market sentiment. Asian indices such as South Korea’s Kospi, Japan’s Nikkei 225, China’s Shanghai Composite, and Hong Kong’s Hang Seng all closed higher on Monday.

European markets showed slight declines during early trading, while U.S. markets had ended sharply higher on Friday, June 6.
Foreign Institutional Investors and Oil Prices

Foreign Institutional Investors (FIIs) were net buyers, purchasing equities worth ₹1,009.71 crore on Friday, according to stock exchange data.

Meanwhile, the global oil benchmark Brent crude rose 0.30% to $66.67 per barrel, supporting positive investor sentiment.
Market Recap

On Friday, June 6, the Sensex closed 746.95 points (0.92%) higher at 82,188.99, while the Nifty crossed the 25,000 mark, settling at 25,003.05 with a gain of 252.15 points (1.02%).