Indian equities closed higher with broad-based gains, as benchmark indices climbed significantly, supported by FPI inflows into bonds.

- Sensex advanced over 500 points, with Nifty above 23,900, led by IT and banking stocks.

- Foreign portfolio investors poured ₹35,000 crore into Indian bonds in June after a tax exemption.

- The Rupee weakened against a strong US dollar, buoyed by hawkish Federal Reserve rate-hike bets.

- Crude oil futures fell 1% on expectations of smoother tanker traffic through the Strait of Hormuz.

- SME IPOs like Diksha Polymers and Clay Craft India listed with premiums, while Honasa slipped post-acquisition.