In June 2026, the Nifty 50 gained 1.35% (318 points), while the Bank Nifty outperformed with a 6.09% (3,303 point) rally, extending their recovery after May’s pullback. Easing U.S.-Iran tensions and Brent crude retreating nearly 20% to around $73/barrel boosted market sentiment. India’s 10-year government bond yield also eased during the month, supporting equities. At its June meeting, the RBI’s Monetary Policy Committee kept the repo rate unchanged at 5.25% with a neutral stance, revised its FY27 GDP growth forecast to 6.6%, raised its inflation projection to 5.1%, and announced measures to attract foreign capital. Following Accenture’s weak outlook, the Nifty IT index plunged 9.56%, capping benchmark gains, while banking stocks led the rally. Sectorally, Banks (+6.09%), Realty (+6.01%) and Financials (+4.74%) outperformed. FIIs sold ₹49,029 crore, while DIIs bought ₹85,800 crore.
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