Sensex jumps more than 750 points and Nifty retakes 24,000 on June 24

Indian equities rebounded sharply on June 24, with the Sensex up more than 750 points and the Nifty back above 24,000. RBI Governor Sanjay Malhotra said it was “premature” to discuss rate hikes and that the central bank would stay with a neutral stance. Brent crude fell below $77 a barrel and WTI slipped under $73, while foreign institutional investors were net buyers for a third straight session. The report links the drop in oil prices and expectations of easier policy to a pick-up in risk appetite.