A tremendous boom is being seen in the stock market ahead of the decision of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on interest rates. Leaving behind yesterday’s sluggishness and volatility, the Indian stock market made a comeback on the morning of Friday, June 5 and registered good gains. Initially, Sensex jumped almost 300 points, while Nifty reached above the level of 23,500.
This rally, which came before the RBI policy announcement, has changed the market mood from strong uptrend to the ‘bullish zone’. Sensex rose 302.58 points to 74,662.59 in early trade. At the same time, Nifty was trading at 23,503.05 with a gain of 86.50 points. The initial market sentiment was strong; Around 223 shares saw gains, while only 95 shares opened with a decline and 8 shares remained unchanged.
**Top gainers**
This morning, Adani Enterprises, Dr Reddy’s Labs, Bajaj Finserv, ICICI Bank and Apollo Hospitals were among the top gainers on the Nifty. In contrast, shares of big companies like Cipla and Coal India saw an initial decline.
**Look at these important stocks today**
1. InterGlobe Aviation (IndiGo): IndiGo has decided to make temporary changes in its international network. Citing low demand and significant cost challenges in the coming quarter, the company has announced that flights to Hong Kong, Shanghai, Ho Chi Minh City, Langkawi and Krabi will be temporarily suspended from July 1, 2026. This news is expected to trigger movement in Indigo shares today.
2. HDFC AMC: HDFC Mutual Fund, a major player in the mutual fund sector, has stopped investing in its Gold ETF and Gold ETF Fund of Funds for some time. The company cited current economic and market conditions for the move; As a result, this stock will be in the eyes of investors today.
3. Aurobindo Pharma: This pharmaceutical company has received approval from the USFDA to manufacture and sell Tofacitinib tablets (5 mg and 10 mg). This drug is equivalent to Xeljanz tablets in terms of treatment, due to which its share price is expected to increase significantly today.
