Led by the sharp rally in the equity market, the market capitalisation (m-cap) of BSE-listed companies surged ₹1,76,402.37 crore to ₹1,56,14,416.92 crore, PTI reported. RBI rate cut is coming? The market is expecting RBI to cut policy rate by 25 bps and that means more spending power for the consumers. "In its forthcoming policy review on 6 June, 2019, we expect the RBI to cut policy rate by 25 bps. In the broader market, BSE mid-cap and small-cap indices rose by up to 0.90%.

Source: Mint June 03, 2019 13:30 UTC