• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Nifty Bank Hits Record High, Crosses 56,000 For 1st Time Ahead Of RBI MPC

OMMCOM NEWS by OMMCOM NEWS
June 3, 2025
in Business

Mumbai: The Nifty Bank index touched a record high of 56,161.40 on Tuesday morning, crossing the 56,000 mark for the first time ever.

The surge was driven by strong buying in select banks as investors showed optimism ahead of a possible interest rate cut by the Reserve Bank of India (RBI) later this week.

However, the early gains didn’t last. By mid-morning, the index had slipped slightly, down 0.1 per cent as some investors booked profits and heavyweight banks showed weakness.

Major lenders like ICICI Bank, Axis Bank, and Kotak Mahindra Bank dragged the index lower, falling up to 0.9 per cent.

In contrast, smaller banks like AU Small Finance Bank, Federal Bank, Punjab National Bank, HDFC Bank, and IndusInd Bank saw gains between 0.4 per cent and 1.2 per cent.

Despite the pullback, the Nifty Bank index is still one of the top-performing indices in 2025. It has gained 10 per cent since the start of the year and is up 15 per cent from its 52-week low.

Over the past 12 months, it has delivered a return of 9.7 per cent. The market is now focused on the RBI’s upcoming policy decision on June 6.

Many analysts expect the central bank to cut the key lending rate, or repo rate, by another 25 basis points.

Under Governor Sanjay Malhotra, the RBI has already cut rates twice this year, reducing the repo rate from 6.5 per cent to 6 per cent. Experts believe the conditions are right for further easing.

Adding to market optimism, India’s economy grew by 7.4 per cent in the March quarter (Q4) of FY25, the strongest growth of the year.

The overall GDP growth for FY25 stood at 6.5 per cent, confirming India’s position as the fastest-growing major economy in the world.

Meanwhile, both the Indian equity indices — Sensex and Nifty — opened a tad lower on Tuesday as heavyweights like L&T and Bajaj Finance were trading in the red.

(IANS)

Tags: ICICI BankRBIRBI MPCsmall finance bank
ShareTweetSendSharePinShareSend
Previous Post

Aimed Lauds Govt’s Progressive Reforms In Public Procurement

Next Post

Hazaribagh Coal Mine Tragedy: Bodies Of Three Workers Recovered After 13 Days

Related Posts

Italian CEOs
Business

Piyush Goyal Meets Top Italian CEOs, Highlights ‘India Opportunity’

June 5, 2025
India, Norway
Business

India, Norway Agree To Team Up For Boosting Green Maritime Technologies

June 4, 2025
India Red-Flags
Business

India Red-Flags $800 Million ADB Aid Package To Pakistan

June 4, 2025
Piyush Goyal
Business

Piyush Goyal Begins Two-Day Visit To Italy For Bolstering Bilateral Economic Ties

June 4, 2025
Stock Market
Business

Stock Market Ends In Green Amid Positive Global Cues As RBI MPC Begins

June 4, 2025
HNWI Wealth
Business

India Sees 8.8 Pc Rise In HNWI Wealth In 2024, Has 378,810 Millionaires Worth $1.5 Trillion

June 4, 2025
Next Post

Hazaribagh Coal Mine Tragedy: Bodies Of Three Workers Recovered After 13 Days

UP Govt’s Big Decision: Agniveers To Get 20 Percent Reservation In Police, PAC Recruitment

Indian Stock Market

Stock Market Ends Lower On 3rd Consecutive Trading Day As Weak Global Cues Continue

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.