🗞️ The Week That Was: June 2 to June 6
“Where the RBI wore a cape, the Nifty broke a curse, and the Sensex flexed like it just hit the gym.”
The stock market went from meh to YAY! faster than your aunt switches TV serials 📺. With the Reserve Bank of India deciding to throw a surprise party (more on that later 🎉), the indices boogied their way up:
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Sensex closed at 82,188.99, up 746.95 points (0.92%). 💃
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Nifty 50 ended at 25,003.05, up 252.15 points (1.02%). 🎯
And just like that, Nifty ended its two-week emotional slump. Therapy? Nah. Just a good ol' RBI rate cut. 💇📉💅
🏦 RBI: From Banker to Market DJ 🎧
On June 6, RBI walked into the scene like a hero in a South Indian movie 🎬 — slow motion, background score, and unexpected plot twist.
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Repo Rate cut by 50 basis points 🔪
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CRR chopped by 100 basis points 🪓
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Injected a jaw-dropping ₹2.5 lakh crore of liquidity into the economy 💰💸
Result? Banks partied, stocks danced, and investors high-fived their calculators. 🤝📱
Some say even the market bears took the day off and went hiking. 🐻🥾
🧠 Sectoral Shakedown
💼 Financials
Nifty Bank hit a record 56,644. It was last seen flexing its gains in front of the mirror. 💪🏦🕶️
🏠 Realty
Up by 3.5%, because apparently cheaper loans make home buyers appear out of thin air. Abra-casa-dabra! 🏡✨
📈 Notable Gainers
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Bajaj Finance: +4.2% — Clearly got the memo about RBI’s surprise. 💃📢
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HDFC Bank: +2% — Cool, composed, classic. Like filter coffee. ☕
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Ashok Leyland: +3.4% — Morgan Stanley said "Buy", and the stock said "How high?" 🚛💨
🌍 Meanwhile in Global Gully 🌐
USA:
Wall Street didn’t want to be left out.
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Dow: +1.2% 📈
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S&P 500: Closed above 6,000 for the first time 🎉🍾
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Nasdaq: +2.2% — Tech stocks flying like they had rocket fuel 🚀🔌
All thanks to fading tariff drama and quarterly earnings that didn’t totally suck. 🙏
Europe:
Investors are pouring money into Europe like it’s an open bar 🍷— $2.72 billion of net inflows as the ECB snipped rates ✂️📉
Inflation went low, mood went high. Even the British pound cracked a smile. 🇬🇧😁
Asia:
$1.84 billion in inflows — Asia's looking spicy and investable 🌶️🈺
Markets there are holding strong like your grandma’s pressure cooker during Pongal. 🍚💥
🔮 Outlook: Sunshine or Sunburn?
The RBI has pulled out its monetary bazooka 🔫 and the market is still whistling in admiration. Bulls are back, bears are taking selfies, and traders are polishing their portfolios like they’re preparing for a wedding 🕺💍📊
But beware: global trade talks are still twitchy, and central banks could surprise us again — like that uncle who shows up uninvited to dinner and takes the last gulab jamun. 🧁😒
🗂️ Weekly Wrap-Up
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RBI: Cut rates like a seasoned samurai 🍜✂️
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Market: Danced like Govinda in the ’90s 🕺🕺
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Global markets: Also in a good mood, possibly after therapy and retail therapy 🛍️💼
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You: Hopefully investing, or at least laughing at this post 😂📉📈
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