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Market Banking On A Jumbo RBI Rate Cut For A Decisive Move? Bajaj Finserv In Focus|Opening Bell Live

Buying interest persisted across both benchmark and broader markets on June 5, ahead of the RBI MPC outcome. The Nifty 50 rose by 0.5%, while the India VIX fell to its lowest level in two months, reflecting easing volatility. Analysts say that if this momentum holds, the Nifty could face immediate resistance at 24,900, with the psychological 25,000 mark next. On the downside, 24,500 remains the crucial support level to watch. The big trigger for today will be the RBI policy where the central bank is expected to cut rates by 25 bps. Rate sensitives will be in focus. Also watch out for Bajaj Finserv and IREDA among stocks in news. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader and Shrikant Chouhan, Head Equity Research, Kotak Securities

first published: Jun 6, 2025 08:58 am