Shares of Bajaj Finance Ltd., Axis Bank Ltd., Maruti Suzuki India Ltd., IndusInd Bank Ltd., and Bajaj Finserv Ltd. emerged as the top gainers on Friday following the Reserve Bank of India’s surprise rate cut announcement.
Among the few laggards were Sun Pharmaceutical Industries Ltd. and Bharti Airtel Ltd., which ended marginally lower.
Equity benchmarks soared on Friday after the RBI unexpectedly slashed the repo rate by 50 basis points to 5.5% and the cash reserve ratio (CRR) by 100 basis points to 3%, triggering broad-based buying across sectors. The BSE Sensex jumped 746.95 points or 0.92 per cent to close at 82,188.99, while the NSE Nifty 50 rose 252.15 points or 1.02 per cent to 25,003.05, breaching the psychological 25,000-mark after several sessions.
Top Gainers
Bajaj Finance led the charge, surging 4.93 per cent to ₹9,373.05, buoyed by rate-sensitive buying and hopes of stronger credit offtake.
Axis Bank climbed 3.15 per cent to ₹1,195.20, while Maruti Suzuki advanced 2.64 per cent to ₹12,443.90.
IndusInd Bank gained 2.50 per cent to ₹823.20, and Bajaj Finserv added 2.36 per cent to ₹1,989.40, riding on the central bank’s aggressive policy stance.
Top Losers
Only two stocks in the Sensex pack closed in the red. Sun Pharma edged down 0.20 per cent to ₹1,679.95, while Bharti Airtel slipped 0.39 per cent to ₹1,871.25.
The RBI’s dual move — a deeper-than-expected rate cut and CRR easing — sparked optimism across rate-sensitive sectors. The Nifty Bank rallied 1.47 per cent and Nifty Financial Services index surged 1.75 per cent, indicating strong investor confidence in the monetary policy’s supportive impact on credit growth and liquidity.