The benchmark Sensex surged by over 1,720 points, marking a remarkable over 2% increase and reaching all-time intraday highs. This significant rise coincided with the Reserve Bank of India (RBI) revising its GDP growth projection for 2024-25 from 7% to 7.2%.
The 30-share BSE Sensex soared by 1,720.8 points, hitting an unprecedented peak of 76,795.31 during the day’s trading session. Concurrently, the NSE Nifty witnessed a substantial increase of 498.8 points, reaching 23,320.20.
Following the June 4 counting day, when the stock market faced a significant downturn, the BSE benchmark has experienced a remarkable surge of 2,995.46 points or 4.15% over the past two days.
Despite the economic uncertainty, the RBI opted to maintain the policy rate unchanged for the eighth consecutive time, emphasizing its commitment to closely monitor inflationary trends.
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