sensex news today: ET Market Watch: Sensex soars to all-time high, Nifty erases all losses from June 4 post-RBI MPC | The Economic Times Podcast

It seems like the bulls are back on D-street! Sensex surged nearly 1,700 points to a fresh all-time high of 76,794.06 intraday today. The Nifty 50 also jumped over 483 points, erasing all losses from June 4.

Key Highlights:
Rate-Sensitive Sectors Surged: Banking, finance, auto, and real estate stocks rose by up to 8% following the RBI’s decision to maintain the interest rate.

Top Gainers:
Wipro (+5%),
Infosys (+3%),
Tech Mahindra,
TCS, and
HCL Tech (+2-3%).
Bajaj Finance, Ultratech Cement, Tata Steel were also in the green.

Reliance was the Major contributor with a 192-point boost to Sensex.

Sectors:
Nifty Bank stocks also saw a surge of up to 3%. Bandhan Bank, Federal Bank, AU Small Finance Bank, Axis Bank, ICICI Bank, and Bank of Baroda rose by 1-3%. Shares of Bajaj Finance, SBI Card, Bajaj Finserv, and IDFC also experienced gains of 1%-3.5%.

Shares of Bajaj Finance, SBI Card, Bajaj Finserv, and IDFC also experienced gains of 1%-3.5%.

Nifty Auto stocks increased by up to 2.5%. Apollo Tyre, Balkrishna Industries, Ashok Leyland, Tata Motors, and M&M saw gains of 1-2.5%.

RBI Decision:
Repo Rate: Maintained at 6.5%.
GDP Growth Projection: FY25 real GDP growth revised to 7.2% from 7%.
Other Rates: SDF at 6.25%, MSF and bank rate at 6.75%.