Indian stock markets witnessed a robust comeback during Thursday's early trading session, bouncing back decisively from recent losses. The benchmark indices displayed strong bullish momentum, reflecting positive cues from global peers and renewed investor confidence in domestic blue-chip companies.
Market Performance Highlights
The 30-share BSE Sensex surged impressively, climbing 560.93 points to reach 73,605.58 in initial trades. Simultaneously, the broader NSE Nifty demonstrated equal strength, jumping 165.65 points to reclaim the 22,300 mark at 22,338.35.
Key Sectoral Movements
Market analysts observed broad-based buying across multiple sectors, with particular strength emerging in banking, financial services, and information technology stocks. The rally was supported by significant foreign institutional investor activity and domestic fund buying in heavyweight counters.
Global Market Influence
The positive momentum in Indian markets aligned with an upward trend across major global indices. Asian markets, including Hong Kong, Seoul, and Tokyo, were trading in positive territory, while the US markets had closed with significant gains on Wednesday. This global optimism provided the necessary tailwind for Indian equities to stage their recovery.
Technical Outlook and Trading Strategy
Market technicians suggest that the Nifty has found strong support around the 22,150 level, with immediate resistance expected near 22,400. Traders are advised to monitor volume patterns and institutional activity for further directional cues. The current market structure indicates potential for continued upward movement if global conditions remain favorable.
Expert Commentary
"The early surge demonstrates renewed confidence among market participants. We're seeing quality buying in fundamentally strong stocks rather than speculative positions. The recovery in global markets and stabilizing bond yields have contributed to this positive sentiment," noted a senior market analyst.
Investors are now closely watching for upcoming economic data releases and corporate earnings announcements that could provide fresh triggers for market direction in the coming sessions.
