Synopsis : Indian stock markets bounced back strongly, snapping a four-day losing streak as global equities rallied. Gains in Reliance Industries, Larsen & Toubro, and Bajaj Finance powered the Sensex and Nifty higher.
Indian equity markets staged a sharp rebound on Thursday, with benchmark indices Sensex and Nifty rising strongly after several sessions of losses. The recovery was supported by improving global market sentiment and buying in heavyweight stocks.
At around 10:00 AM, the BSE Sensex climbed 437.75 points (0.55%) to 79,553.94, while the NSE Nifty 50 rose 154.95 points (0.5%) to 24,635, marking a decisive end to a four-day losing streak on Dalal Street.
Heavyweights Drive Market Gains
The rally was led by strong buying in index heavyweights such as Reliance Industries, Larsen & Toubro, and Bajaj Finance, which emerged as the top contributors to the Nifty 50’s gains. Shares of Adani Ports and Special Economic Zone also traded higher, further strengthening the benchmarks.
Broader Markets Outperform
Market participation widened beyond large-cap stocks, with the broader indices outperforming the main benchmarks. The Nifty MidCap index rose 0.78%, while the Nifty SmallCap index gained 0.68%, indicating renewed risk appetite among investors.
Sectoral Performance
Sector-wise, metal and oil & gas stocks led the rally, reflecting strong buying interest in cyclical sectors. On the other hand, defensive segments such as FMCG and IT traded lower, limiting the broader upside.
Global Markets Support Rally
Global cues remained supportive, as most Asia-Pacific markets advanced sharply following a strong overnight recovery on Wall Street. South Korea’s Kospi surged over 12%, recouping earlier losses, while Japan’s Nikkei 225 gained more than 4%.
The global rebound improved investor confidence, helping domestic markets recover from recent volatility.
IPO Market Activity
In the primary market, the Sedemac Mechatronics IPO entered its second day of subscription. The ₹1,087.45 crore book-built issue will close on Friday. Meanwhile, the Elfin Agro India IPO opened for subscription, consisting entirely of a fresh issue.
Outlook
With global equities stabilising and buying returning to key sectors, market sentiment has improved. However, analysts caution that volatility may persist as investors continue to monitor geopolitical developments and global macroeconomic trends.
Disclaimer : This article is for informational purposes only and does not constitute financial or investment advice. Investors should consult a qualified financial advisor before making any investment decisions.
.jpg)
