Market Wrap: Sensex Surges Nearly 400 Points, Nifty Closes Above 23,200

Indian benchmark indices concluded the session on a robust note on June 9, supported by broad-based buying across most sectors, while IT stocks remained under pressure. The Nifty comfortably settled above the 23,200 mark, reflecting positive market sentiment. The BSE Sensex advanced 394.50 points, or 0.54%, to close at 73,918.76, while the NSE Nifty gained 119.10 points, or 0.52%, ending the day at 23,242.10. Among the top performers in the Nifty pack were $INDIGO n, $JIOFIN s, $EICHERMOT , $SBIN , and $APOLLOHOSP . On the other hand, $ONGC , $TITAN y, $NTPC , $POWERGRID , and $TECHM were among the major laggards. Sector-wise, all indices except IT finished in positive territory. The PSU Bank index emerged as the standout performer, rallying 3.6%, followed by the Nifty Bank index, which gained 2%. The Private Bank and Realty indices also posted healthy gains of 1.6% each. The broader markets outperformed the benchmarks, with the Nifty Midcap index rising 1.3% and the Smallcap index climbing 1.7%, indicating strong participation across market segments. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.