Indian stock markets recovered from early losses to end marginally higher on Thursday, snapping a four-day losing streak. The BSE Sensex rose 0.2 percent to close at 65,000.22, while the NSE Nifty gained 0.15 percent to settle at 19,400.10.
Market Performance
The markets opened on a weak note due to negative global cues, but recovered later in the day on the back of buying in banking and IT stocks. The BSE Sensex had lost over 1,000 points in the previous four sessions.
Key Drivers
Banking stocks were the top gainers, with the Nifty Bank index rising 0.6 percent. IT stocks also contributed to the recovery, with the Nifty IT index gaining 0.4 percent. Among individual stocks, HDFC Bank, Infosys, and Reliance Industries were the top contributors to the Sensex gains.
Global Cues
Global markets were mixed, with Asian markets trading lower due to concerns over rising interest rates and economic slowdown. However, European markets opened higher, providing some support to Indian markets.
Outlook
Analysts expect the markets to remain volatile in the near term due to global uncertainties and domestic inflation concerns. However, they see value buying opportunities in select sectors.
