Rate-Sensitive Stocks Surge as RBI Delivers Surprise 50 bps Cut

Banking, NBFC, auto, and realty stocks rallied sharply on June 6 after the RBI slashed the repo rate by 50 basis points and CRR by 100 bps in a surprise move. The policy stance shifted to ‘neutral’, pushing Bank Nifty to a record high and lifting multiple sectoral indices.