Stock Market Close Today: Sensex and Nifty Soar on Banking and IT Strength, RBI Report Reveals Surplus

Stock Market Close Today: Sensex and Nifty hit record highs, up by strong gains in banking and IT, elevated by RBI report showing a $5.7 billion current account surplus.
Stock Market Close Today: Sensex and Nifty Soar on Banking and IT Strength, RBI Report Reveals Surplus

India’s key stock indices, Sensex and Nifty, soared to new record highs on June 25, driven by substantial gains in banking and IT sectors. This positive market movement aligns with recent RBI data showing a current account surplus of $5.7 billion for Q4 FY 2023-24.

At the market close, the Sensex climbed 712 points to settle at 78,053.52, up by 0.92 percent. The Nifty also gained, rising 183.45 points, or 0.78 percent, to finish at 23,721.30.

Sector-wise, Nifty Bank and Nifty Private Bank each advanced by 1.7 percent, showcasing significant growth. Meanwhile, the Nifty IT index also increased by 0.8 percent, reflecting continued strength in the tech sector.

Conversely, some sectors faced downturns; Nifty Realty dropped by 1.8 percent. Additionally, Nifty Metal and Nifty Media decreased by 0.7 percent and 0.5 percent, respectively, indicating a mixed day for sectoral performance.

Leading the gains among banking stocks were Axis Bank, HDFC Bank, and ICICI Bank, which surged on the back of buoyant market sentiment, reinforcing the strength of the financial sector in contributing to the overall market high.

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