Sensex Nifty Live Updates June 6: Investors Cheer RBI’s Rate Cut, Boosting Market Sentiment

Indian markets ended higher on June 6, driven by strong gains in finance and industrial sectors following the RBI’s rate cut announcement. The Nifty 50 surged 1.02% to close at 25,003, while the Sensex rose 0.92% to settle at 82,188. Asian markets showed mixed performance, with Nikkei up 0.50% and Hang Seng down 0.48%. European indices traded mostly flat mid-session, and U.S. futures pointed to a possible modestly positive open.

Stock Market Highlights, June 6:

• Strong Rally Following RBI Announcement: Indian markets surged after the RBI MPC Meeting, with the Nifty 50 climbing 1.02% to 25,003 and the Sensex rising 0.92% to 82,188. Key gainers included Shriram Finance (+5.65%), Bajaj Finance (+4.90%), and JSW Steel (+3.73%), reflecting renewed investor optimism on improved liquidity and lending conditions.
• Mixed Sector Performance with Select Losers: While financial and industrial stocks rallied, a few companies like HDFC Life (-0.85%), Bharat Electronics (-0.71%), and Bharti Airtel (-0.46%) ended lower, indicating selective profit-taking amid the broader market upswing.
• Global Market Overview: Asian markets showed mixed results, with the Nikkei up 0.50% but Hang Seng down 0.48%. European indices remained largely flat mid-session, while U.S. futures pointed to a potential positive start with Dow Jones futures up 0.35% and NASDAQ futures gaining 0.46%.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

Top Gainers:

Top Losers:

Indian Market Closing Cues:

Asian Markets: 

European Market Mid-Session Update:

U.S. Markets Live Today

*As of 15:32 IST

Stocks in News Today:

Here are the top stocks to watch today following their latest earnings and key business updates.

IREDA

Indian Renewable Energy Development Agency (IREDA) has launched its Qualified Institutional Placement (QIP) as of June 5, setting the floor price at ₹173.83 per share. The agency may offer up to a 5% discount on this base price. This capital-raising move is aimed at supporting future growth and financing green energy initiatives.

Ashoka Buildcon

Ashoka Buildcon has received letters of intent amounting to ₹1,387.2 crore from the Maharashtra Motor Vehicles Department. The contracts cover several regions, including Nagpur, Mumbai, Pune, Marathwada, Konkan, and Western Maharashtra. The project involves designing, executing, integrating, and managing an intelligent traffic management system over a 10-year period.

Bharat Electronics

Navratna Defence PSU Bharat Electronics Ltd has secured contracts worth ₹2,323 crore from Mazagon Dock Shipbuilders and Garden Reach Shipbuilders & Engineers. The deals involve the provision of base and depot spares for missile systems fitted on Indian Navy ships.

Coal India

Coal India Ltd has entered into a non-binding Memorandum of Understanding with Indian Port Rail & Ropeway Corporation Ltd. The agreement, signed in Kolkata, focuses on enhancing rail infrastructure for Coal India and its subsidiaries.

Bajaj Finserv

Promoter entities Bajaj Holdings and Jamnalal Sons are expected to offload up to a 1.94% stake in Bajaj Finserv through block deals, according to a CNBC-TV18 report. The total deal size could be around ₹5,828 crore, with the floor price fixed at ₹1,880 per share.

Stock Market Outlook for June 6:

• Muted Opening Despite Positive Close: After a strong close in the previous session, the Nifty opened marginally lower at 24,748, showing little follow-through momentum. Gift Nifty is also trading in the red, hinting at a cautious start.
• Mixed Global & Domestic Cues: U.S. markets closed lower, with the Nasdaq dropping 0.83%, while Asian markets are trading mixed. Crude prices remain subdued, and U.S. bond yields are steady, possibly suggesting limited directional cues from global fronts.
• FII Selling Offset by Strong DII Inflows: FIIs remained net sellers (-₹208.5 crore), but robust DII buying (+₹2,382.4 crore) may support domestic sentiment. Low PCR values on Nifty and Bank Nifty indicate caution, while Max Pain levels potentially suggest resistance near 25,000 for Nifty.
• Policy Decision Due Today: The Reserve Bank of India’s Monetary Policy Committee (MPC) will announce its interest rate decision today, June 6, 2025, at 10:00 AM IST. Investors will be closely watching the outcome of the MPC meeting for cues on interest rate trajectory and its potential impact on equities, especially banking and interest rate-sensitive sectors.
   

Indian Stock Market Recap: June 5

Indian stock markets ended on a stronger note in the latest session. The Nifty 50 advanced by 0.53% to close at 24,750, while the Sensex rose by 0.55% to settle at 81,442.

Indian Market Cues:

Global Market Cues (US Indices):

Asian Markets: 

Crude Oil Prices:

Bond Yields:

FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell : -208.5
Domestic Institutional Investors (DIIs) Net Buy/Sell : 2382.4

*As of 09:39 IST
 
This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.