sensex news today: ET Market Watch: Sensex surges to record high, Nifty erases all losses from June 4 after RBI MPC.

Looks like the bulls are back on D-Street! Sensex rose nearly 1,700 points intraday today to hit an all-time high of 76,794.06. Nifty 50 also jumped 483 points, erasing all the losses from June 4.

Main Content:
Interest rate sensitive sectors surge: Banking, finance, automobile and real estate stocks rose up to 8% due to RBI’s decision to maintain interest rates.

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

Reliance was the major contributor giving the Sensex a 192-point rise.

Field:
Nifty Bank stock also surged up to 3%. Bandhan Bank, Federal Bank, AU Small Finance Bank, Axis Bank, ICICI Bank and Bank of Baroda rose 1-3 per cent. Shares of Bajaj Finance, SBI Cards, Bajaj Finserv and IDFC also saw gains of 1% to 3.5%.

Shares of Bajaj Finance, SBI Cards, Bajaj Finserv and IDFC also saw gains of 1% to 3.5%.

Nifty Auto stock rose up to 2.5%. Apollo Tire, Balkrishna Industries, Ashok Leyland, Tata Motors and M&M rose 1-2.5 per cent.

RBI decisions:
Repo rate: maintained at 6.5%.
GDP Growth Outlook: Real GDP growth for FY25 has been revised to 7.2% from 7%.
Other interest rates: SDF 6.25%, MSF and bank rate 6.75%.