Nifty 50 Rises for 4th Straight Session on June 9; Kotak Bank, Jio Financial Among Top Gainers

Nifty 50 continued its upward momentum on Monday, June 9, climbing 89.35 points (0.36%) to reach 25,092.40 as of 9:40 AM. This marks the index’s fourth straight day of gains, following a near 1% surge on Friday that was driven by the Reserve Bank of India’s (RBI) surprise policy moves.

RBI’s Policy Boost Fuels Rally in Nifty 50

On June 7, the RBI announced a 50 basis point repo rate cut, along with a phased 100 basis point CRR reduction, in a move aimed at boosting credit flow and supporting growth. The central bank cited expectations of moderate inflation and emphasised the need to support economic expansion amid global uncertainties.

Rate-sensitive sectors, especially banks and financial services, responded positively to the move.

Top Gainers on Nifty 50 on June 9, 2025

Some of the key stocks driving today’s early rally include:

These financial stocks are benefiting from expectations of lower borrowing costs and improved loan demand in the coming quarters.

Top Losers on Nifty 50 on June 9, 2025

A few stocks showed weakness despite the broader market gains:

Life insurers and telecom stocks saw some profit booking after recent gains.

Broader Market Trends on June 9, 2025

In the broader market, sentiment remained mostly positive:

• Nifty Smallcap 100 rose 1.07%, reflecting strong interest in smaller companies.
• Nifty FMCG edged slightly lower by 0.07%, underperforming the benchmark.

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Conclusion

The Nifty 50 extended its winning streak to 4 sessions, underpinned by strong gains in banking and financial stocks. With RBI's policy stance seen as supportive of credit growth and investment, market sentiment remains cautiously optimistic. However, global cues and macroeconomic data due later this week will likely influence the next leg of the market trend.

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