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HomeMarket NewsStock Market Highlights: Markets snap two-day losing streak; Nifty closes above 23,200
By CNBCTV18June 9, 2026, 5:08:29 PM IST (Updated)
Stock Market Highlights: Indian equities rebounded on June 9, snapping a two-session losing streak and ending near the day’s high, supported by strong gains in banking and broader market stocks. The Sensex rose 395 points to close at 73,919, while the Nifty gained 119 points to settle at 23,242.
Stock Market Highlights: Indian equity benchmarks bounced back on Tuesday, snapping a two-day losing streak as a sharp rally in banking stocks helped lift sentiment following the Reserve Bank of India's latest measures aimed at boosting foreign currency inflows.
The Sensex rose 395 points to close at 73,919, while the Nifty gained 119 points to settle at 23,242, finishing near the day's high. The recovery came after Monday's sharp sell-off, with investors finding comfort in easing crude oil prices and RBI initiatives designed to support liquidity and strengthen external financing conditions.
The rally was triggered by the RBI's decision to introduce a specialised framework for Foreign Currency Non-Resident (FCNR(B)) deposits and External Commercial Borrowings (ECBs). The central bank also widened the scope of the ECB scheme to allow banks, in addition to public sector undertakings, to raise foreign currency borrowings.
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