Indian stock markets staged a strong recovery on Thursday, erasing early losses to trade higher as buying activity picked up in key sectors. The 30-share BSE Sensex, which had declined 111.23 points to 77,044.39 in early trade, rebounded to trade in positive territory. Similarly, the 50-share NSE Nifty, after dipping 26.85 points to 24,058.85, recovered to trade higher.
Market Recovery Driven by Broad-Based Buying
The recovery was supported by buying in banking, IT, and auto stocks, which helped indices climb back from initial lows. Analysts attributed the rebound to positive global cues and expectations of stable economic policies.
Key Indices Performance
The Sensex and Nifty both showed resilience after opening lower, with the Sensex gaining over 150 points from its intraday low. The Nifty also recovered to trade above the 24,100 mark, reflecting investor confidence.
Market breadth remained positive, with more advances than declines on both exchanges. The recovery was led by heavyweight stocks, including Reliance Industries, HDFC Bank, and Infosys, which posted gains.
Expert Views on Market Trends
Market experts noted that the recovery was a result of value buying at lower levels. “The initial dip was driven by profit-booking, but strong fundamentals and positive domestic data supported a rebound,” said a senior analyst.
Investors are also watching global factors, including US Federal Reserve policy and crude oil prices, which could influence market direction in the coming sessions.
