Nifty IT jumps over 2.5% as strong US software earnings revive sector optimism

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Domestic technology stocks saw significant gains on June 1, with all Nifty IT index constituents rising. Strong US software earnings and improved sentiment boosted confidence, reversing previous losses. Persistent Systems led with a 4% increase, while the Nifty IT index closed up 2.66%.   Domestic technology stocks witnessed strong buying momentum in Monday’s trade on…

RBI holds repo rate at 5.25%: What it means for home loan borrowers and EMIs

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RBI holds the repo rate at 5.25%, providing stability for home loan borrowers. This will ensure predictable EMIs, clarity and potential interest savings amid global economic uncertainties. The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25%, marking its second consecutive pause. While this may seem routine, the context is far…