Sensex Rallies Over 1,000 Points; Nifty Reclaims 25,000 Mark — Know the Key Reasons Behind Friday’s Rally
The Indian equity benchmark indices ended with solid gains on Friday, June 20, snapping a three-day losing streak.
Markets opened on a muted note but quickly picked up momentum. The rally gathered strength throughout the session, with the Nifty 50 climbing over 1% and reclaiming the psychologically important 25,000 level. The Sensex surged by more than 1,000 points, closing above 82,400. Volatility also subsided, as the India VIX index fell 4% to slip below the 14 mark.
The Nifty 50 recorded its best single-day gain in over a month. On a weekly basis, the index rose by 1.59%.
Two key factors acted as catalysts for the market’s strong performance:
All key sectors contributed to the rally, with Nifty Realty and Nifty PSU Bank emerging as top performers.
The broader market also witnessed strong buying interest:
The market breadth was firmly positive with 1,754 stocks ending in the green, while 755 stocks declined on the NSE.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.