Indian equity markets ended on a strong note today following a surprise monetary easing by the Reserve Bank of India (RBI). The central bank reduced the repo rate by 50 basis points and cut the Cash Reserve Ratio (CRR) by 100 basis points, boosting investor confidence and market sentiment.
The benchmark Sensex surged 746.95 points, gaining 0.92% to close at 82,188.99. Meanwhile, the Nifty 50 index rose 252.15 points, or 1.02%, crossing the significant 25,000 mark to settle at 25,003.05.
Despite the overall market gains, some major Nifty 50 heavyweights ended the day in the red. Among the biggest losers of the day were well-known names like HDFC Life, Bharat Electronics and Bharti Airtel. Let’s take a closer look at the top losers of the Nifty 50, according to Trendlyne.
Nifty 50 top losers on June 6
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HDFC Life Insurance closed at ₹755.0, down by 0.9%.
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Bharat Electronics ended at ₹390.9, declining 0.7%.
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Bharti Airtel closed at ₹1870.1, down 0.5%.
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Tata Steel finished at ₹157.6, slipping 0.3%.
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Sun Pharmaceutical Industries ended at ₹1680.9, with a slight decline of 0.1%.
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