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The Nifty Realty index was trading 2.87 per cent up at 1021.65.

Bitcoin slipped below $101,000 amid macro uncertainty and Trump-Musk tensions, triggering a broader crypto sell-off. Altcoins and meme tokens tumbled, though institutional interest in Ethereum remains strong. Analysts see mixed signals, citing short-term volatility but long-term confidence due to rising network activity and weakening dollar.

Banking and NBFC stocks rallied as the RBI delivered a 50 bps repo rate cut, lifting Nifty Bank to a record high. The move brings the total rate cut to 100 bps, lowering the repo rate to 5.5%. Experts see this as a shift to a more balanced policy stance, boosting credit demand and liquidity.

European shares were little changed on Friday, as investors refrained from placing major bets ahead of crucial U.S. jobs data, with persistent trade tensions adding to the uncertainty.

A recent World Economic Forum report reveals that younger investors find crypto more understandable than traditional investments. Millennials and Gen Z, digital natives, are actively building wealth through emerging technologies like blockchain and DeFi. India, a Web3 hub with over 1,200 startups, sees youth driving this innovation, seeking transparency and ownership.

An ICICI Bank relationship manager in Kota allegedly siphoned off Rs 4.58 crore from over 110 customer accounts between 2020 and 2023, losing it all in stock market trades. The accused, Sakshi Gupta, manipulated FDs, altered mobile numbers, and intercepted OTPs to execute the fraud. She was arrested on May 31 and is now in judicial custody.

IndusInd Bank shares: Governor Sanjay Malhotra emphasized that the central bank will fulfill its responsibilities if additional measures are required. The issue originated from a forensic audit by Grant Thornton, which identified irregularities in the bank’s accounting of specific internal currency derivative transactions over the last six years.

The Reserve Bank of India (RBI) surprised markets by front-loading pro-growth measures, including a 50 basis point rate cut and CRR cut, leading to positive reactions in both bond and equity markets. Nilesh Shah of Kotak AMC suggests the RBI may now focus on other areas of the economy after injecting significant liquidity into the system.

The spike in Bajaj Finance shares came after the RBI slashed the repo rate by 50 bps and CRR by 100 bps, unlocking Rs 2.5 lakh crore in liquidity. The move is expected to lower borrowing costs for NBFCs, support loan growth, and ease margin pressures, with analysts seeing strong tailwinds for credit expansion and consumption demand.