Indian equity benchmarks staged a dramatic turnaround during late trading on Monday, wiping out steep early morning deficits to close firmly in positive territory. The 30-share BSE Sensex jumped 483 points, while the broader NSE Nifty surged past key resistance thresholds as domestic institutional investors and retail participants capitalized on attractive valuations following four consecutive sessions of declines. Market momentum accelerated after international Brent crude oil futures retreated from recent highs, easing acute inflation concerns for the import-dependent economy.
The intraday rally was led by significant gains across heavyweight banking, financial services, and automotive stocks, which had faced aggressive selling pressure in previous sessions. Broader market breadth turned decisively positive by mid-afternoon, reflecting renewed risk appetite across mid-cap and small-cap segments. Traders pointed to stable macroeconomic indicators and steady corporate earnings performance as stabilizing factors that helped temper persistent anxieties surrounding ongoing Middle East tensions.
Market participants noted that institutional buying provided critical liquidity during the late-session rebound, counteracting foreign portfolio outflows that have weighed on domestic exchanges in recent weeks. With currency valuations stabilizing against major global peers and domestic liquidity remaining resilient, trading volumes reflected broad-based participation across key industrial sectors as the benchmark indices snapped their multi-day losing streak.
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Sources:
https://www.thehindu.com/business/Industry/stock-markets-rebound-after-four-day-slump-sensex-jumps-483-points/article71626525.ece