Domestic equity markets staged a strong comeback on Thursday, recovering sharply from early losses to end the session in positive territory. The BSE Sensex closed up 185.23 points at 73,319.55, while the NSE Nifty 50 rose 33.70 points to settle at 22,531.60.
Sharp Recovery After Weak Start
Markets had opened deep in the red amid global concerns, triggered by remarks from Donald Trump regarding continued military action involving Iran.
- Sensex plunged over 1,400 points in early trade
- Nifty slipped below the 22,250 mark
- Panic selling dominated the opening session
However, both indices rebounded strongly through the day, recovering more than 1,100 points from intraday lows as buying interest returned at lower levels.
What Drove the Recovery
- Value buying at lower levels: Investors stepped in to pick stocks after the sharp dip
- Rupee strength: Gains in the Indian currency boosted overall sentiment
- Stabilising global cues: Reduced panic helped markets regain footing
IT Stocks Lead the Comeback
The biggest support came from the IT sector:
- The Nifty IT index surged around 2.6%
- Tech stocks acted as defensive bets amid global uncertainty
- Telecom-linked stocks also showed resilience
Broader Markets Still Under Pressure
Despite the recovery in benchmark indices, the broader market remained weak:
- Midcap and smallcap indices ended in the red
- Continued caution among investors beyond large-cap stocks
Market Outlook
The sharp intraday rebound highlights underlying resilience in the market, but volatility is likely to persist due to global geopolitical tensions and fluctuations in crude oil prices. Investor sentiment will remain sensitive to international developments and currency movements in the near term.