Sensex touches record high days after stock market crashed on counting day

The 30-share BSE Sensex jumped 1,720.8 points to hit a record peak of 76,795.31 in day trade.

Updated on: Jun 7, 2024, 15:22:15 IST

By HT News Desk

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Benchmark Sensex soared by over 1,720 points- over 2 per cent- to hit life-time intra-day record highs today. This comes as the Reserve Bank of India (RBI) revised upwards the GDP growth projection to 7.2 per cent for 2024-25 from 7 per cent earlier. The 30-share BSE Sensex jumped 1,720.8 points to hit a record peak of 76,795.31 in day trade while NSE Nifty went up by 498.8 points to 23,320.20. In the past two days, the BSE benchmark surged 2,995.46 points or 4.15 per cent after June 4 counting day when the stock market witnessed a massive rout.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters)

The RBI decided to keep the policy rate unchanged for the eighth time in a row, saying it will maintain a tight vigil on inflation.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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