Indian stock market today ended on a strong note, extending its winning streak to the fourth straight session. The Sensex gained 256.22 points (0.31%) to close at 82,445.21, while the Nifty 50 rose 100.15 points (0.40%) to settle at 25,103.20.

Sector Performance Highlights

Banking & Financials

The banking sector led the rally, with the Nifty Bank touching a new all-time high. Major contributors included Kotak Mahindra Bank and Bajaj Finance, both surging over 3%.

Information Technology (IT)

IT stocks climbed approximately 1%, buoyed by robust U.S. jobs data that supported global growth optimism.

Automobile Sector

The auto sector traded range-bound with mixed cues. While some stocks saw slight upticks, the sector largely remained flat.

Pharmaceuticals

Pharma stocks posted mild gains, backed by defensive buying amid macroeconomic uncertainties.

Top 5 Gainers & Losers

Top Gainers

• Jio Financial Services: +3.9%
• Kotak Mahindra Bank: +3.3%
• Bajaj Finance: +2.7%
• Infosys: +1.9%
• Wipro: +1.6%

Top Losers

• Eterna: –1.9%
• ICICI Bank: –1.7%
• Titan Company: –0.7%
• NTPC: –0.5%
• HDFC Life: –0.4%

FII and DII Net Flows

Foreign Institutional Investors (FIIs) were net buyers with inflows of ₹1,992.9 crore. Domestic Institutional Investors (DIIs) also supported the market with net buying of ₹3,503.8 crore.

So far in June, FIIs have turned net sellers (~₹1,573 crore), while DIIs have invested a massive ₹29,017 crore, keeping the sentiment buoyant.

Key Macro-Economic & Global Drivers

• RBI Policy Surprise: A bold move by the Reserve Bank of India saw a 50 bps cut in the repo rate and a 100 bps reduction in CRR, stimulating liquidity and boosting equities.
• Global Economic Sentiment: Strong U.S. job numbers and easing inflation contributed to a global risk-on mood.
• Trade Developments: Positive expectations from upcoming trade talks between the U.S., India, and China lifted investor confidence.
• Bond Yields and Currency: The Indian 10-year bond yield rose slightly to 6.26%. The rupee held firm at ₹85.62 against the dollar.

What to Watch Next

• Updates from U.S.–India and U.S.–China trade negotiations.
• Upcoming economic indicators including India’s CPI and IIP data.
• Quarterly earnings reports from key banking and IT companies.
• Future guidance from RBI regarding rate trajectory.

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For policy updates, visit the Reserve Bank of India.