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Rate Cut Hopes Lift Real Estate, GRSE Soars on Global Tie-Ups, Angel One Rallies on Client Growth
Rate Cut Hopes Lift Real Estate, GRSE Soars on Global Tie-Ups, Angel One Rallies on Client Growth
Written by - Fisdom Research
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June 5, 2025
2 minutes
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Market Snapshot
Benchmark indices extended gains for a second day on June 5, ahead of the RBI’s monetary policy decision.
The Nifty 50 crossed 24,700, supported by strength in Reliance Industries and private banks.
Broader market sentiment was boosted by positive cues from Asian markets and expectations of a 25 bps rate cut by the RBI.
Buying was seen across most sectors, with IT, metals, pharma, and realty gaining between 0.5% and 1.7%.
PSU Banks were the only sectoral laggards, while media and auto ended flat to mildly positive
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
1.8
NIFTY IT
0.5
NIFTY PHARMA
1.3
NIFTY OIL & GAS
0.3
NIFTY HEALTHCARE INDEX
1.1
NIFTY FMCG
0.2
NIFTY METAL
0.6
NIFTY CONSUMER DURABLES
0.0
Top News
Sobha Ltd led a rally in real estate stocks on Thursday, surging 8.71%, as expectations of an RBI rate cut lifted sentiment; Brigade, DLF, Prestige Estates, Oberoi Realty, Godrej Properties, and Raymond also gained.
Garden Reach Shipbuilders & Engineers (GRSE) jumped 5% to a record high after announcing global collaborations to expand beyond military platforms.
Angel One rose 3.46%, extending its gains, following a 34% YoY client base growth in May, boosting capital market-related stocks.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ETERNAL
4.5
INDUSINDBK
-1.4
TRENT
3.2
TATACONSUM
-1.1
DRREDDY
3.1
AXISBANK
-0.9
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,500
25,000
Bank Nifty
55,200
56,200
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