3 June 2024

Stock Market Boom and Regulatory Battles: The Financial Rollercoaster of June 3, 2024

Huge gains in the stock market and intense regulatory battles make June 3, 2024, a day to remember!

*3 June 2024*

**Stock Market Live Updates:** Sensex surged by nearly 2000 points today, leaving investors ecstatic. The Indian stock markets witnessed a significant rise in share prices, with both Sensex and Nifty performing exceptionally well on the BSE and NSE platforms.

**Financial Services:** The regulatory scene was equally buzzing! ASIC scored a major victory in a Federal Court case against Cigno Australia and BSF Solutions. Additionally, Member Therese McCarthy Hockey made impactful statements at the AFIA Risk Summit 2024, stirring discussions and debates in the financial sector.

**Interesting Fact:** Did you know that a 2000-point surge in Sensex is one of the largest single-day gains in the history of the Indian stock market? This remarkable milestone marks a memorable day for investors and traders alike.

**Interesting Fact:** The victory of ASIC in the court case against Cigno Australia and BSF Solutions sets a precedent for stricter regulations in the financial services industry, emphasizing the importance of compliance and consumer protection.