Why did market rise today? Sensex gains 520 points, Nifty closes above 24,400. 6 key factors

Indian stock markets surged for a fourth straight day, driven by renewed monsoon hopes following heavy rainfall and a return of foreign institutional investors as net buyers. Key indices Sensex and Nifty saw significant gains, boosting market capitalization. Positive sentiment was further fueled by easing geopolitical tensions and falling oil prices, with heavyweight stocks leading…

Raymond shares rise 4% after former BEL chief joins defence business

Raymond shares rose nearly 4% after the company appointed former Bharat Electronics Chairman and Managing Director Bhanu Prakash Srivastava as CEO of its defence business. The company expects his nearly four decades of experience in defence technologies and programme execution to strengthen its expansion into defence electronics, systems integration, aerospace and related engineering businesses.