Sensex Finishes on Higher Note

2026-06-24 10:50 By Luisa Carvalho 1 min. read

India’s BSE Sensex gained ground to close about 1% firmer at 76,991 on Wednesday, reversing yesterday's losses.

The easing of crude oil prices and encouraging remarks from the Reserve Bank of India helped offset concerns over potential US rate hikes and weak monsoon rains.

Governor Sanjay Malhotra said in an interview that it was too early to discuss rate hikes and that the central bank would continue to closely monitor inflation and global developments before making any decision.

Meanwhile, recent data showed monsoon rainfall is running about 43% below average so far.

Banks and financials provided the main support after the RBI allowed loans to non-resident Indians against foreign-currency deposits, easing funding constraints.

ICICI Bank, HDFC Bank, Axis Bank and Kotak Bank posted gains up to 2.7%.

IndiGo surged 4.7% on expectations of improved operational performance.

Tech stocks also advanced.

On the other hand, NTPC, Tata Steel and Maruti Suzuki were among the major laggards.



News Stream
Sensex Finishes on Higher Note
India’s BSE Sensex gained ground to close about 1% firmer at 76,991 on Wednesday, reversing yesterday's losses. The easing of crude oil prices and encouraging remarks from the Reserve Bank of India helped offset concerns over potential US rate hikes and weak monsoon rains. Governor Sanjay Malhotra said in an interview that it was too early to discuss rate hikes and that the central bank would continue to closely monitor inflation and global developments before making any decision. Meanwhile, recent data showed monsoon rainfall is running about 43% below average so far. Banks and financials provided the main support after the RBI allowed loans to non-resident Indians against foreign-currency deposits, easing funding constraints. ICICI Bank, HDFC Bank, Axis Bank and Kotak Bank posted gains up to 2.7%. IndiGo surged 4.7% on expectations of improved operational performance. Tech stocks also advanced. On the other hand, NTPC, Tata Steel and Maruti Suzuki were among the major laggards.
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