Brief by Shorts91 Newsdesk / 12:05pm on 07 Jun 2024,Friday Business
The S&P BSE Sensex surged by over 1,600 points on Friday, reaching a historic peak of 76,795.31, while the NSE Nifty50 climbed 2.07% to 23,294.2. This rally followed the Reserve Bank of India’s upward revision of the GDP growth forecast for FY25 to 7.2%, from a previous estimate of 7%. The RBI's decision to maintain interest rates at 6.5% for the eighth consecutive time also fueled investor confidence. The stock market's strong performance reversed the decline observed earlier in the week due to election uncertainties, demonstrating robust recovery and optimism about economic growth.
