Share Market Today: Top Gainers and Losers June 6 | Shriram Finance Surges 5.5%

Markets Rally Sharply on RBI’s Surprise Moves: Shriram Finance Soars 5.5%, Bajaj Finance and JSW Steel Among Top Gainers – Full Gainers and Losers List

Indian equity markets witnessed a strong rally on Friday, June 6, marking their third consecutive session of gains.

This upbeat sentiment came on the back of a significantly more dovish-than-expected monetary policy decision from the Reserve Bank of India (RBI), which boosted investor confidence across sectors.

The RBI surprised markets by cutting the repo rate by 50 basis points (bps) to 5.75%, against expectations of a more modest 25 bps reduction.

In addition, it announced a 100 bps cut in the Cash Reserve Ratio (CRR) — a move aimed at infusing additional liquidity into the banking system.

These policy measures reflect the central bank’s commitment to supporting growth and ensuring ample liquidity, especially as inflation continues to trend downward.

This dual easing — through both rate and CRR cuts — led to a broad-based rally across large-cap, mid-cap, and small-cap indices.

Headline Indices Surge

• BSE SENSEX surged by 747 points, or 0.92%, to close at 82,189, after hitting an intraday high of 82,300.
• NSE NIFTY50 advanced 252 points, or 1.02%, to end at 25,003, touching an intraday high of 25,030.

This rally was driven by renewed hopes of a more accommodative credit environment, which is likely to boost consumption, lending, and investment activity. Banking, financial services, real estate, and auto sectors were among the key beneficiaries.

NIFTY50 Top Gainers and Losers

Top Gainers:

1. Shriram Finance – ▲ 5.46% to ₹687
   The non-banking financial company (NBFC) emerged as the top gainer on the NIFTY50. Lower interest rates are expected to reduce borrowing costs for NBFCs, potentially boosting net interest margins and lending activity.
2. Bajaj Finance – ▲ 4.90%
   Another major NBFC, Bajaj Finance, also witnessed strong buying interest. Analysts anticipate increased consumer lending and improved credit demand amid lower EMIs.
3. JSW Steel – ▲ 3.56%
   Rate cuts generally benefit capital-intensive industries like steel, as they reduce financing costs for expansion projects. Global steel prices also remained firm, aiding the sentiment.
4. Axis Bank – ▲ 3.15%
   The private sector lender gained as lower rates and liquidity infusion could translate to stronger credit growth.
5. Maruti Suzuki – ▲ 2.78%
   Lower financing rates are expected to spur demand in the auto sector, especially for passenger vehicles.

Top Losers:

Despite the overall upbeat sentiment, a handful of stocks in the index ended lower, mostly due to sector-specific concerns or profit booking:

• HDFC Life – ▼ 0.87%
• Bharat Electronics – ▼ 0.66%
• Bharti Airtel – ▼ 0.46%
• Sun Pharma – ▼ 0.13%

These marginal declines were largely seen as temporary and not reflective of broader market sentiment.

NIFTY Midcap 100: Bullish Momentum Continues

The NIFTY Midcap 100 index climbed 1.21%, or 707 points, to settle at 59,010. Out of the 100 stocks, 68 ended in the green, as investor appetite for mid-cap stocks remained strong.

Midcap Top Gainers:

• IDFC First Bank – ▲ 7.00% to ₹71.50
  The stock rallied following expectations that the rate cut would ease funding costs and boost credit growth.
• Muthoot Finance – ▲ 6.98%
  Gained after the RBI raised the loan-to-value (LTV) ratio for loans against gold to 85% from 75% for loans under ₹2.5 lakh. This move is expected to enhance disbursement volumes in the short term.
• Godrej Properties – ▲ 6.75%
• Oberoi Realty – ▲ 6.56%
• HDFC AMC – ▲ 6.38%
  Real estate and asset management companies are seen benefiting from a lower rate regime, which can lead to higher home sales and increased investor flows into mutual funds.

Midcap Losers:

• Bharti Hexacom – ▼ 3.11%
• Sona BLW Precision (Sona Comstar) – ▼ 3.05%
• Solar Industries – ▼ 2.93%
• Bharat Dynamics – ▼ 1.87%
• Bank of Maharashtra – ▼ 1.22%

The declines were limited to select counters due to earnings concerns, sector-specific headwinds, or post-result profit booking.

NIFTY Smallcap 100: Volatility Amid Broader Gains

The NIFTY Smallcap 100 index rose 0.81%, or 150 points, to close at 18,582. Market breadth in this segment was slightly negative, with 54 stocks declining, while 46 ended higher.

Smallcap Top Gainers:

• Neuland Laboratories – ▲ 9.84% to ₹12,900
  The stock saw a surge in volumes, with over 5.39 lakh shares traded versus an average of 27,659, indicating strong institutional interest.
• RK Forgings – ▲ 9.76%
• Aditya Birla Real Estate – ▲ 5.73%
• Manappuram Finance – ▲ 5.64%
• Five Star Business Finance – ▲ 5.54%

The gains in finance and real estate names reflected expectations of better credit uptake and housing demand amid the policy easing.

Smallcap Losers:

• Zen Technologies – ▼ 5.00% to ₹2,083
  The biggest loser in the index, likely on concerns over order pipeline or valuations.
• Garden Reach Shipbuilders & Engineers – ▼ 4.07%
• RailTel Corporation – ▼ 3.72%
• PCBL (Phillips Carbon Black) – ▼ 3.14%
• Data Patterns – ▼ 3.10%

Outlook Ahead

With the RBI’s policy stance turning clearly accommodative, analysts expect the positive momentum in equities to continue in the near term.

The banking and NBFC sectors are likely to remain in focus, as rate-sensitive segments such as auto, real estate, and infrastructure gain traction.

However, some caution is warranted due to global macro uncertainties, including the upcoming U.S. Federal Reserve decision and geopolitical tensions that could affect crude oil and currency markets.

Overall, Friday’s rally underscores the growing confidence in India’s macroeconomic fundamentals and the RBI’s proactive approach to supporting growth.