Synopsis : Indian benchmark indices rebounded after a weak start, with IT stocks leading the recovery and pushing the Sensex and Nifty back into positive territory. Sectoral rotation highlighted a risk-on tilt toward technology, while financials and metals remained under pressure.
Indian equity markets staged a notable intraday recovery on Tuesday after opening sharply lower, as strong buying in information technology stocks helped frontline indices move back into the green.
The BSE Sensex was trading higher by around 50 points, while the NSE Nifty 50 reclaimed the 25,650 mark, reversing early losses triggered by weakness in metal and auto counters.
The session began on a cautious note, with selling pressure in metals, auto and select financial stocks dragging indices lower. However, renewed investor interest in technology shares turned sentiment constructive, helping the benchmarks pare losses and edge higher.
IT Leads the Charge
The Nifty IT index emerged as the top sectoral gainer, supported by firm buying interest amid expectations of stable global demand and improving earnings visibility. The rally in technology stocks indicated a rotation into growth-oriented segments even as broader market participation remained selective.
Sectoral Snapshot
Sectoral performance reflected a mixed but cautiously optimistic tone:
IT: Clear outperformer, leading the recovery
Financials & Banks: Under pressure, limiting broader upside
Metals & Auto: Weighed on sentiment during early trade
FMCG, Healthcare & Chemicals: Traded steady, offering defensive support
The divergence across sectors suggests rotational positioning rather than aggressive risk-taking, with investors selectively accumulating stocks in mid-cap and technology-driven spaces.
Global Cues Remain Mixed
Global markets offered limited comfort.
S&P 500 futures were down 0.3%
Japan’s Topix slipped 0.8%
Australia’s S&P/ASX 200 rose 0.4%
Euro Stoxx 50 futures fell 0.2%
Despite subdued global cues, domestic markets showed resilience, supported by stock-specific action and sectoral leadership from IT.
Overall, the market tone remains constructive but cautious, with leadership rotating and investors closely tracking global macro developments and earnings momentum.
Disclaimer : This article is for informational purposes only and should not be considered financial or investment advice. Investors are advised to consult a certified financial advisor before making any investment decisions.
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