Nifty 50 Vedanta to Biocon – Stocks surge 4.2%

Business: Domestic equity benchmarks Sensex and Nifty 50 ended June trading with their best gains in 2024, boosted by the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) coalition coming to power and foreign investment returning to the market. Nifty 50 and Sensex rose 6.6 per cent and 6.9 per cent, respectively, in June, recording their best monthly gains this year.

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Domestic Brokerage Domestic brokerage firm Religare Broking revealed in its derivatives monthly rollover report that the Nifty 50 closed at around 22,500 following volume-weighted average price (VWAP)-based selling activity in the second half of the day.