Ira Singh 
The domestic share market indices traded positive on Thursday, buoyed by optimism ahead of the RBI’s monetary policy decision and firm cues from Asian markets, lifting the Nifty 50 past 24,700, led by gains in Reliance Industries and private sector banks.At close, the Sensex was up 443.79 points or 0.55 percent at 81,442.04, and the Nifty was up 130.70 points or 0.53 percent at 24,750.90.
Eternal, Dr Reddy's Labs, Trent, Power Grid Corp, ICICI Bank were the top gainers on the Nifty while losers included IndusInd Bank, Bajaj Finserv, Axis Bank, Tata Consumer, Bajaj Finance. On the sectoral front, except PSU Bank, media, auto, all other sectoral indices ended in the green with IT, metal, pharma, realty up 0.5-1.7 percent. The BSE Midcap index rose 0.4 percent while the Smallcap index added 0.65 percent.
Rupee Close:
On 5 June'25,the Indian rupee snapped its two-day losing streak and closed 7 paise higher at 85.80 against the U.S. dollar on Thursday, supported by positive domestic equities and a rise in Asian currencies .Forex traders reportedly stated overnight softening of crude oil prices favoured the rupee. However, a strong U.S. dollar index capped sharp gains. Besides, market participants are now keenly awaiting the outcome of the Reserve Bank of India's (RBI's) monetary policy meeting for further cues, they said.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments reportedly quoted bas saying though profit booking remains evident at higher levels, the benchmark indices are attempting to recover their momentum amid consolidation. With a weakening dollar index and volatile US bond yields, FIIs are turning net buyers again after the recent selloffs in anticipation of final trade negotiations. Despite global uncertainty, strong indicators of economic and corporate earnings growth are encouraging investors to adopt a buy-on-dip strategy. Moreover, markets are attentively awaiting upcoming central bank decisions, with a 25-bps rate cut anticipated from both the ECB and RBI.
Market experts recommended five shares to buy-Heritage Foods, Rico Auto Industries, Mawana Sugars, Indo Amines, and Hindware Home Innovation.
(Business Correspondent)
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