India’s benchmark Nifty 50 index rebounded strongly on Monday, trading near 25,000 as of 3.20 pm IST. The recovery comes after a sharp Budget day selloff, with gains led by banking, IT, and consumer stocks. Investor sentiment improved on fiscal clarity and global market stability.
The Indian equity markets witnessed a notable recovery in afternoon trade, with the Nifty 50 index moving closer to the 25,000 mark as of 3.20 pm IST. This rebound follows the steep declines seen on Budget day, when markets reacted negatively to fiscal announcements. The recovery reflects renewed investor confidence supported by sectoral strength and global cues.
Market experts noted that banking and IT stocks were among the top gainers, while consumer-focused companies also contributed to the rally. The broader market showed resilience, with mid-cap and small-cap indices trading in positive territory. Analysts believe the rebound signals investor optimism about India’s long-term growth trajectory despite near-term volatility.
Key highlights from the announcement include
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Nifty 50 trading near 25,000 as of 3.20 pm IST.
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Recovery follows sharp Budget day selloff.
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Banking, IT, and consumer stocks lead the gains.
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Mid-cap and small-cap indices also in positive territory.
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Investor sentiment supported by fiscal clarity and global stability.
Industry experts emphasize that the rebound highlights the market’s ability to absorb fiscal measures while maintaining confidence in India’s growth outlook. The rally is expected to continue if global cues remain supportive and domestic earnings sustain momentum.
Sources: NSE India, Economic Times, Reuters