Sensex and Nifty News: Markets Surge Over 1% as Broad-Based Buying Drives Rally

Market Performance

Indian stock markets witnessed a significant rally on Friday, June 20. The surge came despite ongoing geopolitical tensions, as strong domestic sentiment and broader buying lifted benchmarks.

• Sensex opened at 81,354.85 and touched an intraday high of 82,494.49.
• Nifty 50 started at 24,787.65 and reached a high of 25,136.20.

At close:

• Sensex ended 1,046 points higher at 82,408.17 — a 1.29% gain.
• Nifty 50 closed up 319 points at 25,112.40, also gaining 1.29%.

Mid and small-cap segments also joined the rally:

• BSE Midcap Index: Up 1.20%
• BSE Smallcap Index: Gained 0.55%

The market capitalization of BSE-listed companies rose from ₹443 lakh Crore to ₹448 lakh Crore, marking a ₹5 lakh Crore increase in investor wealth in just one session.

Main News

1. Broad-Based Buying Boosts Sentiment

The stock market rally was powered by a strong rebound across all sectors, particularly in the final hour of trade.

• Auto, metal, and real estate stocks saw solid gains.
• Nifty Realty Index: Jumped 1.7%
• Bank Nifty: Crossed 56,000
• PSU Bank Index: Up 1.4%

Market breadth was positive:

• Advances: 2,366
• Declines: 1,427
• Unchanged: 149

2. Decline in Crude Oil Prices

A 2% fall in Brent crude prices to around $77 per barrel supported the market uptrend. The drop was attributed to:

• Profit-booking in global crude markets
• Uncertainty over US involvement in the Israel-Iran conflict

Lower oil prices typically ease inflation concerns and support India's import-heavy economy, further lifting sentiment.

3. FPI Inflows Resume

Foreign portfolio investors turned net buyers amid a drop in the dollar index.

• On June 19, FPIs bought ₹934.62 Crore worth of Indian equities in the cash market.

The return of foreign money further fueled the rally.

4. Easing RBI Guidelines on Project Finance

The RBI released final norms on project finance provisioning:

• 1.25% general provision on Commercial Real Estate (CRE)
• 1% each on CRE-Residential Housing and other portfolios during the construction phase

This was lower than the proposed 5% in earlier drafts and was seen as a relief for lenders.

Company Details

Sensex Rejig Impact

The semi-annual rebalancing of the Sensex was another key event on June 20.

New Entrants:

• Bharat Electronics (PSU)
• Trent (Retail)

Exits:

• IndusInd Bank
• Nestle India

This reshuffle also contributed to increased trading activity and sectoral shifts in affected companies.

Summary of the Article

On June 20, the Indian stock market recorded a strong rebound after a three-day losing streak. Both Sensex and Nifty surged by over 1.2% each, lifted by broad-based buying, falling crude oil prices, foreign inflows, and softer RBI norms on project financing.

The total investor wealth surged by ₹5 lakh Crore in a single session, highlighting the market's bullish turn. Participation was widespread, with all sectors contributing to the rally.

The combination of easing global commodity prices and positive domestic policy developments led to renewed optimism on Dalal Street, with Sensex closing above 82,400 and Nifty reclaiming the 25,100 mark.