Big Day for Investors! Sensex Ends Nearly 800 Points Up
The Indian stock market bounced back strongly on June 24, 2026. The BSE Sensex closed around 791 points higher, while the NSE Nifty finished above the 24,000 mark. Strong buying in banking, IT, and private bank stocks helped drive the rally.
Big Day for Investors! Sensex Ends Nearly 800 Points Up
The Indian stock market bounced back strongly on June 24, 2026. The BSE Sensex closed around 791 points higher, while the NSE Nifty finished above the 24,000 mark. Strong buying in banking, IT, and private bank stocks helped drive the rally.
Why did the stock market rise today?
Supportive global market cues
Indian equities had come under significant pressure in the previous session after South Korea's Kospi index tumbled 10% on concerns that valuations had become overheated following an extended rally. However, sentiment improved on Wednesday as the Kospi staged a strong recovery, rising around 3%.
RBI Governor eases concerns over additional rate hikes
A key factor supporting market sentiment was RBI Governor Sanjay Malhotra's indication that discussions around further interest rate increases may be premature at this stage.
He said the central bank is closely monitoring the broader economic impact of higher oil prices, particularly any potential second-round effects on inflation, before making decisions on future monetary policy actions.
Crude Oil Prices: Another positive factor came from the energy market. Brent crude slipped below $77 per barrel, while WTI crude dropped below $73, reducing concerns over inflationary pressures and India's import bill.
Strong Rally in Banking and IT Stocks
Heavyweight banking stocks such as HDFC Bank and ICICI Bank gained sharply. IT stocks also attracted buyers, giving strong support to both Sensex and Nifty.
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