Mumbai, June 12. Amid global uncertainty, Indian equities have swung sharply over recent days. The market staged a recovery on June 12.
How the market moved
The Sensex rose 2.30% to 75,527.95 and the Nifty gained 1.99% to 23,622.90. A day earlier, on June 11, US–Iran tensions and costlier crude had dragged the Sensex down 358 points to 73,624.
The RBI's stance
The Reserve Bank of India's Monetary Policy Committee held the repo rate at 5.25%. The central bank also trimmed its FY27 GDP growth forecast to 6.6% and nudged up its inflation outlook.