Sensex rebounded 450 points from day’s low and Nifty rose above 25,900. Recovery was driven by bargain-hunting, global optimism over US rate cuts, and sectoral strength in banking and IT. Despite volatility, investor confidence in India’s growth outlook supported the market’s rebound.
Indian equity benchmarks staged a sharp recovery after a weak start. The Sensex rebounded 450 points from the day’s low, while the Nifty climbed back above 25,900, trimming early losses. The turnaround was driven by bargain-hunting, global cues, and sectoral resilience.
Key Highlights & Real-Time Updates
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09:30 AM IST: Markets opened weak, with Sensex slipping nearly 500 points and Nifty testing 25,800 amid profit-taking.
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11:00 AM IST: Value buying emerged in banking and IT stocks, helping indices stabilize.
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12:26 PM IST: Sensex recovered 250 points from lows; Nifty crossed 25,800, though still in negative territory.
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12:45 PM IST: Broader recovery gained pace, with Sensex up 450 points from the day’s low and Nifty firmly above 25,900.
Drivers of Recovery:
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Bargain-hunting at lower levels boosted investor sentiment.
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Global optimism over potential US rate cuts lifted mood.
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Sectoral resilience, particularly in banking and IT, supported indices.
Analysts note that while volatility persists, the rebound reflects investor confidence in India’s long-term growth story.
Sources: Moneycontrol, Bestmate Investment Services, MSN