Overview
- On June 20, Sensex jumped about 900 points to around 82,274 and Nifty 50 rose over 270 points past the 25,000 mark.
- Aeroflex Industries Ltd’s stock rallied 18% in a single session and has gained over 29% in the past three trading days.
- Revised RBI guidelines have loosened requirements for project financing by banks, NBFCs and cooperative lenders, boosting finance-sector stocks.
- Foreign institutional investors purchased ₹1,824 crore of equities in the last two trading sessions while domestic institutions invested ₹2,566 crore for a 12th straight day.
- The US Federal Reserve’s indication of two interest-rate cuts in 2025 has bolstered optimism among equity investors.