Business · Markets · 2 hrs ago

Indian stocks rebound after four-day slide

Indian stocks rebound after four-day slide

Indian stocks rebounded on Monday, ending a four-session slide.

The Sensex closed up 483 points at 73,606.75, while the Nifty gained 153 points to finish at 22,753.20.

Both indexes had fallen sharply over the previous four sessions, with the Sensex down 2.16% and the Nifty down 2.38%.

Buying in metal, telecom and healthcare shares helped lift the market, alongside purchases of stocks seen as good value.

The recovery followed a steep market drop, but analysts said it was still tentative.

High oil prices, geopolitical uncertainty and upcoming interest-rate decisions by the US Federal Reserve, European Central Bank and Bank of Japan continued to weigh on investor confidence.

Investors are watching those risks and rate decisions as they assess whether the rebound can last.

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What people are saying

Vinod NairHead of research at Geojit Investments Limited
Mid and smallcaps also witnessed some recovery after last week’s sharp correction, although investors remained selective, favouring earnings visibility and valuation comfort
via Business Standard
Ajit MishraSenior vice-president of research at Religare Broking
The recovery, however, remains tentative, with elevated crude oil prices, geopolitical uncertainty and concerns over the global interest-rate outlook continuing to weigh on sentiment
via Business Standard